13 unchanged sentences
Further, we can leverage the substantial buying power of our businesses with our global vendor relationships.
−Removed: In this report, fiscal 2025 means the 52-week fiscal year ended February 1, 2025;
−Removed: fiscal 2024 means the 53-week fiscal year ended February 3, 2024 and fiscal 2023 means the 52-week fiscal year ended January 28, 2023.
+Added: In this report, fiscal 2026 means the 52-week fiscal year ended January 31, 2026;
+Added: fiscal 2025 means the 52-week fiscal year ended February 1, 2025 and fiscal 2024 means the 53-week fiscal year ended February 3, 2024.
Fiscal 2027 means the 52-week fiscal year ending January 30, 2027.
−Removed: Unless otherwise indicated, all store information in this Item 1 is as of February 1, 2025, and references to store square footage are to gross square feet.
+Added: Unless otherwise indicated, all store information in this Item 1 is as of January 31, 2026, and references to store square footage are to gross square feet.
Our Businesses
25 unchanged sentences
Launched in 1994, TK Maxx introduced off-price retail to Europe and remains Europe’s largest major brick-and-mortar off-price retailer of apparel and home fashions.
−Removed: With 655 stores in Europe, TK Maxx operates in the U.K., Ireland, Germany, Poland, Austria and the Netherlands.
+Added: With 673 stores in Europe, TK Maxx operates in the U.K., Ireland, Germany, Poland, Austria, the Netherlands, and, starting in March 2026, Spain.
Through its stores and its e-commerce sites, tkmaxx.com, launched in 2009 and tkmaxx.de and tkmaxx.at, both launched in 2023, TK Maxx offers a merchandise mix similar to TJ Maxx.
6 unchanged sentences
Flexible Business Model
−Removed: Our flexible business model, including our opportunistic buying, inventory management, logistics and flexible store layouts, is designed to deliver to our customers a compelling value proposition of fashionable, quality, brand name and designer merchandise at excellent values every day.
+Added: Our flexible business model, including our opportunistic buying, inventory management, logistics and flexible store layouts, is designed to deliver a compelling value proposition of fashionable, quality, brand name and designer merchandise to our customers at excellent values every day.
Our buying and inventory management strategies give us flexibility to adjust our merchandise assortments more frequently than traditional retailers, and the design and operation of our stores and distribution centers support this flexibility.
20 unchanged sentences
Collectively, these represent a small percentage of our product/merchandise mix.
−Removed: Manufacturers, retailers and other vendors made up our expansive and changing universe of more than 21,000 vendors across the globe, including thousands of new vendors in fiscal 2025, which provides us substantial and diversified access to merchandise.
+Added: Manufacturers, retailers and other vendors made up our expansive and changing universe of approximately 21,000 vendors across the globe, including thousands of new vendors in fiscal 2026, which provides us substantial and diversified access to merchandise.
We have not experienced difficulty in obtaining sufficient quality merchandise for our business in either favorable or difficult retail environments and expect this will continue should we meet or exceed our plans for growth.
29 unchanged sentences
These centers are generally large, and built to suit our specific, off-price business model, with a combination of automated systems and manual processes to manage the variety of merchandise we acquire.
−Removed: We ship substantially all of our merchandise to our stores through a network of distribution centers, fulfillment centers and warehouses as well as shipping centers operated in many cases by third parties.
+Added: We ship substantially all of our merchandise to our stores through a network of distribution centers, fulfillment centers and warehouses as well as shipping centers, which, in many cases, are operated by third parties.
Expansion of our business through the addition of new stores continues to be an important part of our global growth strategy.
29 unchanged sentences
Human Capital
−Removed: As of February 1, 2025, we had approximately 364,000 Associates, many of whom worked less than 40 hours per week.
+Added: As of January 31, 2026, we had approximately 377,000 Associates, many of whom worked less than 40 hours per week.
Approximately 86% of these Associates worked in our retail stores.
1 unchanged sentence
We offer positions at a variety of levels in our stores, distribution and fulfillment centers, and offices, as well as many opportunities for Associates to grow and advance.
−Removed: Many Associates in our distribution centers in the United States and Canada are covered by collective bargaining agreements and other Associates are members of works councils in Europe.
−Removed: Our large, global workforce supports the execution of our flexible business model, including the timing and frequency of store deliveries and the management of a rapidly changing mix of merchandise in over 5,000 retail stores in nine countries and across six e-commerce sites.
+Added: Many Associates in our distribution network in the United States and Canada are covered by collective bargaining agreements, and other Associates are members of works councils in Europe.
+Added: Our large, global workforce supports the execution of our flexible business model, including the timing and frequency of store deliveries and the management of a rapidly changing mix of merchandise in over 5,200 retail stores globally and across six e-commerce sites.
We believe our Associates are key to our business success.
−Removed: Workplace and Culture
−Removed: We work to foster a strong, supportive, and inclusive culture so that Associates at TJX feel welcome in the Company, valued for their contributions, and engaged with our business mission.
−Removed: We use defined cultural factors and leadership competencies throughout our global business to express our organizational values, such as inclusion, personal integrity, relationship-building and collaboration, and respect for our business model, and to promote consistency in leadership development, including through our Leadership Development Toolkit.
−Removed: We believe our policies and practices, including our open-door philosophy, encourage open and honest communication and Associate engagement with the business.
−Removed: Inclusion and Diversity (“I&D”)
−Removed: As a global company appealing to a broad customer demographic and with hundreds of thousands of Associates in several geographies, we recognize the importance of diversity to our Company’s culture.
−Removed: Our global workforce reflects a diversity of races, ethnicities, sexual orientations, gender identities, abilities, religions, with a broad range of backgrounds and experience.
−Removed: We are committed to continuing to build and support an inclusive and diverse workplace.
−Removed: Our global strategies include increasing the representation of diverse talent through our talent pipeline;
−Removed: providing leaders with tools to support difference with awareness, fairness, sensitivity, and transparency;
−Removed: and integrating inclusive behaviors, language and practices throughout the business.
−Removed: Over the past several years, with the benefit of information gathered from Associates through our Global Inclusion Surveys, our teams globally have developed and launched many new programs, including recruitment strategies, training and education, Associate-led I&D advisory boards, and additional Associate Resource Groups.
−Removed: Training and Career Development
−Removed: Our culture prioritizes Associate development and advancement within our organization and we have many Associates in managerial positions who have been with the Company for more than 10 years.
−Removed: We are highly focused on teaching and mentoring to support the career growth and success of our Associates, and we believe these efforts have promoted retention, stability, and increased expertise in our workforce.
−Removed: Training happens broadly throughout the organization, from informal mentoring and direct training to a range of career and leadership development programs, such as our TJX University for merchandising Associates.
−Removed: Compensation and Rewards
+Added: We work to foster a strong, supportive, and inclusive culture so that Associates at TJX feel welcome in the Company, valued for their perspectives and contributions, and engaged with our business mission to deliver great value to our customers every day.
+Added: Our open-door philosophy encourages open and honest communication and supports Associate engagement.
+Added: We use defined cultural factors and leadership competencies throughout our global business to express our organizational values, such as inclusion, personal integrity, relationship-building and collaboration and respect for our business model, and to promote consistency in leadership development.
+Added: We are highly focused on teaching and mentoring to support the career growth and success of our Associates, and we believe these efforts can strengthen retention, stability, and expertise across our workforce.
+Added: Training occurs throughout the organization, from informal mentoring and direct training to a range of career and leadership development programs, including our TJX University for merchandising Associates.
+Added: As a global company serving a broad customer demographic and with hundreds of thousands of Associates in several geographies, we recognize the importance of inclusion and diversity to our culture and our business.
+Added: Our global workforce reflects a diversity of races, ethnicities, ages, sexual orientations, gender identities, skills, abilities, religions, perspectives and a broad range of other backgrounds and experiences.
+Added: Our work in this area has been developed over many decades and aims to support our business mission.
+Added: This work continues to include initiatives intended to foster an inclusive culture, encourage Associate engagement, and support Associate well-being.
+Added: Our global approach to total rewards includes sharing in the success of the Company, encouraging teamwork and collaboration across our global workforce, and being fair and equitable.
Our compensation programs are designed to pay our Associates competitively in the market and equitably, based on their skills, qualifications, role and abilities.
−Removed: Our approach to compensation across the organization reflects our global total rewards principles, which include sharing in the success of the Company, encouraging teamwork and collaboration across our global workforce, and being fair and equitable.
For fiscal 2026, we continued our One TJX approach to annual incentive compensation, with all eligible Associates measured against global TJX performance goals.
9 unchanged sentences
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
−Removed: The following are the executive officers of TJX as of April 2, 2025:
+Added: The following are the executive officers of TJX as of March 31, 2026:
Name Age Office and Business Experience
40 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.