<SEC-DOCUMENT>0001214659-22-007249.txt : 20220520
<SEC-HEADER>0001214659-22-007249.hdr.sgml : 20220520
<ACCEPTANCE-DATETIME>20220520095328
ACCESSION NUMBER:		0001214659-22-007249
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220520
DATE AS OF CHANGE:		20220520
EFFECTIVENESS DATE:		20220520

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TJX COMPANIES INC /DE/
		CENTRAL INDEX KEY:			0000109198
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-FAMILY CLOTHING STORES [5651]
		IRS NUMBER:				042207613
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0201

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04908
		FILM NUMBER:		22945799

	BUSINESS ADDRESS:	
		STREET 1:		770 COCHITUATE RD
		CITY:			FRAMINGHAM
		STATE:			MA
		ZIP:			01701
		BUSINESS PHONE:		508-390-2662

	MAIL ADDRESS:	
		STREET 1:		770 COCHITUATE ROAD
		CITY:			FRAMINGHAM
		STATE:			MA
		ZIP:			01701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZAYRE CORP
		DATE OF NAME CHANGE:	19890625

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Interfaith Center on Corp Responsibility
		CENTRAL INDEX KEY:			0001909997
		IRS NUMBER:				133235906
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		475 RIVERSIDE DRIVE
		STREET 2:		STE 1842
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10115
		BUSINESS PHONE:		2128702293

	MAIL ADDRESS:	
		STREET 1:		475 RIVERSIDE DRIVE
		STREET 2:		STE 1842
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10115
</SEC-HEADER>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Notice of Exempt Solicitation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 14a-103</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of the Registrant: The TJX Companies, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name of persons relying on exemption: Figure 8 Investment Strategies</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address of persons relying on exemption: 1410 W. Washington St. Boise,
ID 83702</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated
under the Securities Exchange Act of 1934. Submission is not required of this filer under the terms of the Rule but is made voluntarily
in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The proponents urge stockholders to vote FOR Proposal 8 (to adopt
a paid sick leave policy for all Associates) at the company&rsquo;s 2022 AGM.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The shareholder proposal:</B> shareholders of TJX ask the company
to adopt and publicly disclose a policy that all employees, part- and full-time, accrue some amount of PSL that can be used after working
at TJX for a reasonable probationary period. This policy should not expire after a set time or depend upon the existence of a global pandemic.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Background</B>:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">The global pandemic highlighted that access to paid sick leave (PSL) is critical
to prevent the spread of disease as well as keep workers and customers&rsquo; safe. Despite this, over three quarters of the lowest earning
10% of Americans do not have access to PSL<SUP>1</SUP>. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Furthermore, nearly half of all Black workers and 36% of Latinx workers in
the U.S. reported having no paid time away from work of any kind.<SUP>2</SUP> These statistics highlight that PSL is not just a public
safety measure, but a matter of equity and racial justice. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">While there are currently no federal legal requirements for paid sick leave
in the U.S., 14 states and multiple other jurisdictions have regulations requiring PSL. Companies may choose to implement PSL programs
only where required, or to provide universal PSL coverage to employees. Large companies including Walmart, Levi&rsquo;s and Apple provide
PSL benefits to all, including full-time and part-time retail employees.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">During the pandemic, essential workers experienced disproportionately higher
rates of illness. In the US, the temporary PSL implemented resulted in an estimated 50%</FONT> reduction in the number of new COVID-19
cases per day.<SUP>3</SUP> While this is a positive num<FONT STYLE="font-family: Times New Roman, Times, Serif">ber, the need for PSL
exists outside the global pandemic. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> https://www.wsj.com/articles/companies-expand-paid-sick-time-leave-11632413861</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> https://www.bls.gov/news.release/leave.t01.htm</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> https://covid19-sciencetable.ca/sciencebrief/benefits-of-paid-sick-leave-during-the-covid-19-pandemic/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Symbol; margin: 0pt 0"></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Paid Sick Leave is not just the right thing to do for employees, it is also the financially prudent thing to do and an important part
of a company&rsquo;s human capital management. Businesses that have implemented PSL have seen reduced turnover and cost savings from:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD>Increased workplace stability &ndash; studies show the cost of replacing an individual employee can conservatively range from one-half
to two times the worker's annual salary.<SUP>4</SUP> An absence of PSL may negatively impact worker sentiment and lead to a high turnover
rate, which was already a staggering 41% in 2021, a 10% increase from the year before in an increasingly tight labor market.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">o</FONT></TD><TD>Increased productivity &ndash; a phenomenon known as &ldquo;presenteeism&rdquo; is avoided through paid sick leave. Presenteeism is
the lost productivity from employees not being fully present or functional at work.<SUP>5</SUP> These costs the US economy an estimated
$234 billion annually (adjusted for inflation) which surpasses the cost of absenteeism. These costs are due to lowered productivity and
increased mistakes.<SUP>6</SUP></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Statement of opposition does not address the core issue:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">TJX has not disclosed a Paid Sick Leave policy for its Associates; rather,
TJX has stated it complies with state or local government mandates to provide PSL where those mandates exist. This leaves a significant
portion of TJX&rsquo;s Associates - primarily lower-wage and/or part-time workers - with no access to PSL. The company&rsquo;s inconsistent
policies are often inadequate to ensure a safe working environment and put employee&rsquo;s health at risk. Associates without PSL benefits
are expected by default to show up for work risking not only their own health but the health of others.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">In its statement of opposition, the TJX Board cites its &ldquo;compensation
programs designed to pay Associates competitively&rdquo; along with its set of well-being initiatives as appropriate and suitable for
the company&rsquo;s Associates and business model. Competitive pay and well-being initiatives are important - but they do not directly
address the substance of this resolution, or health and safety concerns related to paid sick leave. Competitive pay and other wellness
programs do not negate the need for PSL. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: #1D1C1D">&middot;</FONT></TD><TD>Also in its statement of opposition, the TJX Board cites that the company&rsquo;s approach to employee well-being is suitable for
its &ldquo;flexible off-price model&rdquo;. We stress that a universal PSL policy is consistent with this model and in fact, is likely
<FONT STYLE="font-family: Times New Roman, Times, Serif">to <FONT STYLE="color: #1D1C1D; background-color: #F8F8F8">help<B>&nbsp;</B>-
not hurt &ndash; company cost-saving, as PSL has been shown to reduce turnover by up to 25% and to prevent costly recruitment of new workers
in a tight labor environment.<SUP>7 </SUP>Furthermore, other low-price retailers like Walmart currently offer universal PSL to all their
workers, full-time and part-time.&quot;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="color: #1D1C1D; background-color: #F8F8F8">A</FONT>dding a universal PSL benefit would fit with TJX&rsquo;s publicly
stated and strong commitment to diversity and inclusion. Since part-time workers lacking PSL coverage are disproportionately people of
color, <FONT STYLE="font-family: Times New Roman, Times, Serif">PSL is a matter of gender equality and racial justice. Conversely, not
having a universal PSL policy poses reputational risks to TJX as customers are increasingly aware of important issues of social and racial
inequality.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> https://www.gallup.com/workplace/247391/fixable-problem-costs-businesses-trillion.aspx#:~:text=The%20cost%20of%20replacing%20an,to%20%242.6%20million%20per%20year</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> https://www.investopedia.com/terms/p/presenteeism.asp#:~:text=Presenteeism%20refers%20to%20the%20lost,make%20mistakes%20on%20the%20job.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> https://www.nationalpartnership.org/our-work/resources/economic-justice/paid-sick-days/paid-sick-days-good-for-business-and-workers.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5649342/</P>

<P STYLE="font: 10pt Symbol; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Conclusion:</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Support for this proposal is warranted and in the best interests of
shareholders. PSL is not only a public health measure but critical to human capital management, racial justice, and gender equality. A
large global company such as TJX must take the initiative to provide PSL to all Associates without discrimination and without being told
to do so by local or national authority. A permanent PSL policy covering all TJX Associates would reflect positively on the company&rsquo;s
reputation, goals, and productivity. It is both morally and economically the right thing to do.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>This is not a solicitation of authority to vote your proxy. Please
do not send us your proxy card.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For more information on the Proposal, please contact Ahmed Aljuboori
at Figure 8 Investment Strategies, ahmed@figure8investing.com and 208-385-0078.</P>

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