XML 29 R16.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information
 3 Months Ended
Apr. 30, 2022
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 the Company’s 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. This measure of performance should not be considered an alternative to net income 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 thousandsApril 30,
2022		May 1,
2021
Net sales:
In the United States:
Marmaxx$6,872,270 $6,640,486 
HomeGoods2,035,785 2,141,756 
TJX Canada1,081,528 765,536 
TJX International1,416,891 538,883 
Total net sales$11,406,474 $10,086,661 
Segment profit (loss):
In the United States:
Marmaxx$904,222 $824,855 
HomeGoods121,985 251,602 
TJX Canada126,618 71,577 
TJX International13,232 (221,558)
Total segment profit1,166,057 926,476 
General corporate expense77,378 160,442 
Impairment on equity investment217,619 — 
Interest expense, net18,785 44,688 
Income before income taxes$852,275 $721,346