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Segment Information
9 Months Ended
Oct. 28, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
TJX operates four main business segments. In the United States, the Marmaxx segment operates T.J. Maxx, Marshalls, tjmaxx.com and marshalls.com and the HomeGoods segment operates HomeGoods and Homesense. The TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx and Homesense, as well as tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and T.K. Maxx in Australia. In addition to the Company’s four main business segments, Sierra operates retail stores and sierra.com in the U.S. The results of Sierra are included in the Marmaxx segment. In the third quarter of fiscal 2024, the Company closed its HomeGoods e-commerce business.
All of TJX’s stores, with the exception of HomeGoods and HomeSense/Homesense, sell family apparel and home fashions. HomeGoods and HomeSense/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 (income) 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 EndedThirty-Nine Weeks Ended
In millionsOctober 28,
2023
October 29,
2022
October 28,
2023
October 29,
2022
Net sales:
In the United States:
Marmaxx$8,107 $7,455 $23,376 $21,562 
HomeGoods2,208 1,948 6,185 5,840 
TJX Canada1,317 1,285 3,578 3,615 
TJX International1,633 1,479 4,667 4,399 
Total net sales$13,265 $12,167 $37,806 $35,416 
Segment profit:
In the United States:
Marmaxx$1,134 $1,003 $3,246 $2,840 
HomeGoods228 172 547 344 
TJX Canada223 204 532 528 
TJX International88 98 158 216 
Total segment profit1,673 1,477 4,483 3,928 
General corporate expense125 119 475 384 
Impairment on equity investment —  218 
Interest (income) expense, net(41)(1)(116)29 
Income before income taxes$1,589 $1,359 $4,124 $3,297