Segment Information

3 Months Ended

May 04, 2013

Segment Information

Note F. Segment Information

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx and Marshalls) and the HomeGoods segment both operate stores in the United States, the TJX Canada segment operates stores in Canada (Winners, HomeSense and Marshalls), and the TJX Europe segment operates stores in Europe (T.K. Maxx and HomeSense). Late in fiscal 2013 we acquired Sierra Trading Post (STP), an off-price internet retailer. The results of STP have been included with our Marmaxx segment.

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 and interest expense. “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 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 thousands	May 4, 2013		April 28, 2012
Net sales:
In the United States:
Marmaxx	$	4,135,749	$	3,889,058
HomeGoods		689,530		595,722
TJX Canada		645,496		640,209
TJX Europe		718,834		673,097
	$	6,189,609	$	5,798,086
Segment profit:
In the United States:
Marmaxx	$	634,300	$	604,628
HomeGoods		89,063		69,433
TJX Canada		74,306		71,065
TJX Europe		16,364		11,729
		814,033		756,855
General corporate expense		76,866		66,623
Interest expense, net		5,282		8,827
Income before provision for income taxes	$	731,885	$	681,405