Note G. Segment Information

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls and tjmaxx.com) and the HomeGoods segment (HomeGoods and Homesense) 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. TJX also operates Sierra Trading Post (“STP”), an off-price Internet retailer that operates sierratradingpost.com and retail stores in the U.S. The results of STP 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 and interest expense, net. “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	October 28, 2017		October 29, 2016
Net sales:
In the United States:
Marmaxx	$	5,298,479	$	5,252,815
HomeGoods		1,228,768		1,078,373
TJX Canada		983,236		855,473
TJX International		1,251,737		1,105,027

	$	8,762,220	$	8,291,688

Segment profit:
In the United States:
Marmaxx	$	666,092	$	703,092
HomeGoods		163,835		149,739
TJX Canada		206,472		142,491
TJX International		87,066		87,821

		1,123,465		1,083,143
General corporate expense		95,484		97,902
Loss on early extinguishment of debt		—		51,773
Pension settlement charge		—		31,173
Interest expense, net		7,981		12,462

Income before provision for income taxes	$	1,020,000	$	889,833


	Thirty-Nine Weeks Ended
In thousands	October 28, 2017		October 29, 2016
Net sales:
In the United States:
Marmaxx	$	15,550,253	$	15,217,188
HomeGoods		3,506,435		3,075,472
TJX Canada		2,554,033		2,297,831
TJX International		3,293,223		3,125,606

	$	24,903,944	$	23,716,097

Segment profit:
In the United States:
Marmaxx	$	2,100,138	$	2,154,238
HomeGoods		457,272		415,996
TJX Canada		392,581		321,942
TJX International		132,893		145,047

		3,082,884		3,037,223
General corporate expense		311,177		290,975
Loss on early extinguishment of debt		—		51,773
Pension settlement charge		—		31,173
Interest expense, net		27,499		33,918

Income before provision for income taxes	$	2,744,208	$	2,629,384