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Segment Information
3 Months Ended
May 01, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls, tjmaxx.com and marshalls.com) and the HomeGoods segment (HomeGoods and Homesense) both operate in the United States, the TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx, Homesense and tkmaxx.com in Europe and T.K. Maxx in Australia. In addition to our four main business segments, Sierra operates sierra.com and retail stores in the U.S. The results of Sierra are included in the Marmaxx segment.
All of TJX’s stores, with the exception of HomeGoods and HomeSense, sell family apparel and home fashions. HomeGoods and HomeSense offer home fashions.
TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense, interest expense, net and certain separately disclosed unusual or infrequent items. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. The terms “segment margin” or “segment profit margin” are used to describe segment profit or loss as a percentage of net sales. These measures of performance should not be considered alternatives to net income (loss) or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.
Presented below is financial information with respect to TJX’s business segments:
 Thirteen Weeks Ended
In thousandsMay 1,
2021
May 2,
2020
Net sales:
In the United States:
Marmaxx$6,640,486 $2,697,779 
HomeGoods2,141,756 759,865 
TJX Canada765,536 379,636 
TJX International538,883 571,608 
Total net sales$10,086,661 $4,408,888 
Segment profit (loss):
In the United States:
Marmaxx$824,855 $(709,669)
HomeGoods251,602 (153,703)
TJX Canada71,577 (97,181)
TJX International(221,558)(258,617)
Total segment profit (loss)926,476 (1,219,170)
General corporate expense160,442 100,327 
Interest expense, net44,688 23,351 
Income (loss) before income taxes$721,346 $(1,342,848)