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Forget Nearly $26B in Annual Sales—TJX Hopes to Hit $46B

Image via <a href=";set=a.10151931451881289.1073741883.83801536288&amp;type=3&amp;theater">TJ Maxx</a>/Facebook
Image via TJ Maxx/Facebook

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A couple weeks ago, Bargain Fever: How to Shop in a Discounted World author Mark Ellwood reported that Framingham-based TJX brought in nearly $22 billion in 2011. Well, on Tuesday, WWD noted that the number jumped to $25.88 billion last year—and in its expansion plan, TJX hopes to jack it up even higher. $46 billion is what CEO Carol Meyrowitz and her team hope to reach, based on growth opportunities in Europe and increasing the TJ Maxx and Marshalls store count to 3,000. Also mentioned in the article is the fact that TJX has a buying staff of over 900, spread among 13 offices in 10 countries, and works with more than 16,000 vendors. There you have it: Numbers to match what Ellwood describes as a "brilliantly run buying service."
· Author Mark Ellwood Dishes on MA-Based Company TJX [Racked Boston]
· TJX Sets Sights on $46 Billion in Sales [WWD]