TJX Companies Inc. (TJX) is an off-price apparel and home fashion retailer with over 3000 stores worldwide. Unlike traditional apparel retailers, such as The Gap or H&M, TJX Companies earns just a small portion of its revenues from the sale of private label goods. Instead, the company purchases the majority of its apparel and a significant portion of its home fashion inventory opportunistically.
According to the company’s 2013 Annual Report, “We take advantage of opportunities to acquire merchandise at substantial discounts that regularly arise from the production and flow of inventory in the apparel and home fashions marketplace, which include, among others, order cancellations, manufacturer overruns, closeouts and special production direct from brands and factories.”
TJX, in 2014, reported that its combined emissions reduction initiatives in the U.S., Canada, and Europe reduced the company’s carbon footprint by 8,200 metric tons of CO2e. Stores accounted for 82% of TJX’s Green House Gas (GHG) emissions footprint, while 9% of emissions are at distribution centers, 3% at offices, 3% for business travel, and 3% for vehicles. The company has set a new goal to reducing GHG emissions per dollar of revenue by 30% by 2020, relative to a 2010 baseline.
Industry: Consumer Discretionary
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/29/15 and may not reflect current opinions or subsequent events.