Segment Information

9 Months Ended

Oct. 29, 2011

Segment Information [Abstract]

Segment Information

Note H. Segment Information

At October 29, 2011, TJX operated five business segments, three in the United States and one each in Canada and Europe. Each of TJX's segments has its own administrative, buying and merchandising organization and distribution network. Of the U.S.-based store chains, T.J. Maxx and Marshalls, referred to as Marmaxx, are managed together and reported as a single segment, and each of HomeGoods and A.J. Wright is reported as a separate segment. As a result of its consolidation, A.J. Wright will cease to be a business segment after fiscal 2012. Outside the U.S., store chains in Canada (Winners, HomeSense and Marshalls) are managed together and reported as the TJX Canada segment, and store chains in Europe (T.K. Maxx and HomeSense) are also managed together and reported as the TJX Europe segment.

TJX evaluates the performance of its segments based on their respective "segment profit or loss," which TJX defines as pre-tax income or loss before general corporate expense and interest expense. "Segment profit or loss," as defined by TJX, may not be comparable to similarly titled measures used by other entities. In addition, these measures of performance should not be considered an alternative to TJX's net income or cash flows from operating activities as an indicator of its performance or as a measure of its liquidity.

Presented below is financial information on TJX's business segments:

	Thirteen Weeks Ended
	October 29,		October 30,
In thousands	2011		2010
Net sales:
U.S. segments:
Marmaxx	$	3,790,340	$	3,502,670
HomeGoods		551,066		479,859
A.J. Wright		—		204,824
International segments:
TJX Canada		705,061		666,799
TJX Europe		746,661		671,695
	$	5,793,128	$	5,525,847
Segment profit (loss):
U.S. segments:
Marmaxx	$	501,559	$	453,720
HomeGoods		63,128		44,545
A.J. Wright		—		(1,183	)
International segments:
TJX Canada		125,936		113,844
TJX Europe		42,391		41,214
		733,014		652,140
General corporate expenses		60,711		45,505
Interest expense, net		8,551		9,518
Income before provision for income taxes	$	663,752	$	597,117

Financial information on TJX's business segments (continued):

	Thirty-Nine Weeks Ended
	October 29,			October 30,
In thousands	2011			2010
Net sales:
U.S. segments:
Marmaxx	$	10,969,135		$	10,090,083
HomeGoods		1,569,658			1,392,603
A.J. Wright		9,229			609,422
International segments:
TJX Canada		1,934,821			1,803,244
TJX Europe		1,998,854			1,715,115
	$	16,481,697		$	15,610,467
Segment profit (loss):
U.S. segments:
Marmaxx	$	1,471,462		$	1,338,455
HomeGoods		146,059			120,314
A.J. Wright		(49,291	)		10,615
International segments:
TJX Canada		254,328			249,925
TJX Europe		18,398			49,178
		1,840,956			1,768,487
General corporate expenses		161,544			120,280
Provision (credit) for Computer Intrusion related costs		—			(11,550	)
Interest expense, net		26,577			29,992
Income before provision for income taxes	$	1,652,835		$	1,629,765