• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
TJX Expands Supplier Base Amid Widespread Store Closures

TJX Expands Supplier Base Amid Widespread Store Closures

03/01/2024
International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

10/16/2025
Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

10/16/2025
Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

10/16/2025
International Logistics Express, Inc. Nominated for the Go Global Awards 2025

International Logistics Express, Inc. Nominated for the Go Global Awards 2025

10/16/2025
Trump Confirms Ongoing US-China Trade Tensions Amid Possible Tariff Pause Extension

Trump Confirms Ongoing US-China Trade Tensions Amid Possible Tariff Pause Extension

10/16/2025
Shein Cautions Over US Tariff Policy Uncertainty Following Profit Decline

Shein Cautions Over US Tariff Policy Uncertainty Following Profit Decline

10/16/2025
EU and Spain Push Back Against US Tariff Threats Linked to NATO Spending Targets

EU and Spain Push Back Against US Tariff Threats Linked to NATO Spending Targets

10/16/2025
The Food is Good, LC Launches Free Global Tariffs & Rules Lookup Tool

The Food is Good, LC Launches Free Global Tariffs & Rules Lookup Tool

10/16/2025
Indian Exporters Turn to Europe Amid Rising U.S. Tariffs

Indian Exporters Turn to Europe Amid Rising U.S. Tariffs

10/15/2025
Officials Head to Washington for Tariff Talks

Officials Head to Washington for Tariff Talks

10/15/2025
Trump Links Tariff Policy to BRICS’ Dollar Alternatives

Trump Links Tariff Policy to BRICS’ Dollar Alternatives

10/15/2025
IMF Lifts Korea’s 2025 Growth Outlook as Tariff Impact Eases

IMF Lifts Korea’s 2025 Growth Outlook as Tariff Impact Eases

10/15/2025
supplychainreport
Friday, October 17, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

TJX Expands Supplier Base Amid Widespread Store Closures

by Zyrene D.
03/01/2024
in Global Trade, Market Trends

In a period marked by the consolidation of retail spaces, TJX Companies Inc., the parent company of T.J. Maxx, Marshalls, HomeGoods, and others, has seen significant growth. The company reported a 9% increase in annual sales, reaching $54.2 billion for the fiscal year.

Physical stores continue to play a crucial role for suppliers, serving as both a primary sales channel and a platform for brand visibility. TJX’s growing market share and its diversified and high-quality brand assortment have made it an attractive partner for suppliers, according to the company’s CEO, Ernie Herrman.

YOU MAY ALSO LIKE

International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

TJX’s supply chain is a critical element of its success, featuring over 1,300 buyers who work with a network of more than 21,000 vendors. This extensive buying power has been identified by S&P Global analysts as a key competitive advantage, enabling TJX to offer a constantly refreshed inventory at discounted prices, which enhances the shopping experience for customers.

The strength of TJX’s purchasing team has also been emphasized by analysts at Telsey Advisory Group, who note the team’s experience and ability to effectively communicate with a vast network of vendors as significant factors contributing to the company’s competitive edge. They observed that TJX has increased its business volume with most vendors by 30% to 40% in the past three to four years.

TJX has also capitalized on the current retail environment, where brands and retailers are streamlining their inventories, creating opportunities for the company to acquire merchandise for its off-price stores. Herrman highlighted the abundance of available goods across various categories, indicating that the company has more opportunities than it can currently exploit.

This strategic positioning and supply chain expertise have positioned TJX to thrive even as the retail landscape undergoes significant changes, with numerous store closures and shifts in consumer shopping habits.

Stay updated with supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#TJXCompanies #RetailGrowth #OffPriceRetail #SupplyChainExcellence #InventoryManagement #BrandVisibility #RetailConsolidation #SalesIncrease #MarketShare #CompetitiveAdvantage #ConsumerShopping #MerchandiseOpportunities #StrategicPositioning #RetailAnalysis #TJMaxx #Marshalls #HomeGoods

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.