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Segment Information
9 Months Ended
Oct. 30, 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, Homesense, and homegoods.com) 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 EndedThirty-Nine Weeks Ended
In thousandsOctober 30,
2021
October 31,
2020
October 30,
2021
October 31,
2020
Net sales:
In the United States:
Marmaxx$7,213,681 $5,784,753 $21,203,098 $12,441,872 
HomeGoods2,253,567 1,875,641 6,478,584 3,871,479 
TJX Canada1,301,272 1,027,828 3,088,357 1,999,382 
TJX International1,763,370 1,429,067 3,925,575 2,881,019 
Total net sales$12,531,890 $10,117,289 $34,695,614 $21,193,752 
Segment profit (loss):
In the United States:
Marmaxx$989,560 $665,070 $2,828,590 $55,872 
HomeGoods262,640 291,209 696,768 235,082 
TJX Canada168,558 176,520 358,821 101,304 
TJX International127,074 86,576 78,972 (303,303)
Total segment profit1,547,832 1,219,375 3,963,151 88,955 
General corporate expense148,123 150,499 472,167 374,259 
Loss on early extinguishment of debt — 242,248 — 
Interest expense, net20,674 52,884 94,023 133,571 
Income (loss) before income taxes$1,379,035 $1,015,992 $3,154,713 $(418,875)