TJX to open 130 net new stores in 2025
/The TJX Companies, Inc. is looking to open 130 new stores in 2025, bringing the total to more than 5,200 brick-and-mortar locations worldwide. TJX's expansion strategy includes smaller markets and even some smaller store formats.
In the U.S. alone, TJX wants to open 30 net new TJMaxx and/or MARSHALLS LLC stores, 20 Sierra stores and nine HomeSense locations. TJX plans to open 22 new stores in Europe, 12 in Canada and six in Australia. The major focus in Europe is Spain, Germany and the U.K., but TJX sees opportunities in Austria, the Netherlands, Poland and Ireland, as well, according to TJX CFO John Klinger. Additionally, TJX plans to relocate around 40 stores and remodel around 500 stores in 2025.
TJX will also open new stores in the UAE in partnership with Brands For less egypt and in Mexico in partnership with Grupo Axo®.
TJX now has locations in nine countries. For the most recent fiscal year ending on January 31, 2025, TJX achieved $56.4 billion in sales.