TJX to accelerate store openings as off-price continues its hot streak

Insight summary

• •TJX Companies plans to increase store growth from 3% to 4% starting next year, targeting 7,500 stores globally up from 7,000.
• •The company operates 5,285 stores across 10 countries including the U.S., Canada, Spain, and the U.K.
• •TJX opened 23 new stores last quarter with a focus on rural markets and small-format stores in densely populated urban areas.
• •Q2 fiscal 2027 net sales reached $15.2 billion, up 5% year over year, with first-half sales up 7%.
• •TJX is raising full-year pretax profit margin and earnings-per-share outlooks despite Marmaxx U.S. sales being slightly below expectations.
• •Off-price retail continues strong growth driven by consumer demand for value, particularly among Gen Z and price-sensitive shoppers.
• •Competitors like Ross Stores, Nordstrom Rack, and Burlington are also expanding store counts amid the off-price retail boom.