TJX plans to open 130 new stores in 2025 as part of its ongoing brick-and-mortar expansion, following a strong fiscal year.
The off-price retail giant, which operates TJ Maxx, Marshalls, HomeGoods, HomeSense, and Sierra, will add 40 new TJ Maxx or Marshalls locations, 30 HomeGoods stores, 20 Sierra stores, and nine HomeSense stores across the US.
Despite potential headwinds from additional tariffs, TJX remains optimistic about the year ahead, noting that imports from China make up only a small portion of its business model.
Ernie Herrman, TJX’s CEO and president, said on an earnings call: “Whether there are tariffs or no tariffs, our buyers’ focus is on buying the goods, determining the cost based off retail that we can put the goods out at.
“And because of the environment we’re in, where there’s a loss of consumer confidence, stores closing, etc., I’m thinking there’s more availability out there over the next six months, even more than there has been, which is going to create more buying opportunities for our teams.”
Additionally, the company announced that it will increase its expansion plans to a total of 7000 stores over the next years.
The decision follows strong earnings in the fiscal year 2025, which ended on 1 February 2025, which saw the company’s net sales rise by 4% to $5.6 billion, while comparable store sales inched up by 4%.
Click here to sign up to Retail Gazette‘s free daily email newsletter
