Steve Cormier

🚨 TJX Q1 2025: Off-Price Keeps Winning… Even As Others Stumble! The aisles are packed and the receipts are growing. TJX (that’s T.J.Maxx, Marshalls, HomeGoods, Sierra, and more) just dropped Q1 numbers that prove off-price retail isn’t just surviving, it’s thriving. 🛍️ Divisional Highlights Marmaxx (T.J.Maxx, Marshalls, Sierra) • $8.1B in sales • Up 3.9% year-over-year • Comps up 2% • Traffic is still the main event HomeGoods • $2.25B in sales • Up 8.4% year-over-year • Comps up 4% • Major comeback of the quarter. Last year, Q1 comps were down 7% and sales dropped 3%. This year, big reversal. Shoppers are back, aisles are buzzing, and everyone’s chasing that “mini home refresh.” TJX Canada • $1.14B in sales • Up 2.8% • Comps up 4% TJX International • $1.66B in sales • Up 8.1% • Comps up 2% 📈 What’s Working • Shopper traffic is up across the board. People still love the treasure hunt • HomeGoods is the comeback kid, turning last year’s slump into this year’s growth story • International divisions are in growth mode, especially Europe and Australia • TJX keeps outsmarting competitors with flexible buying, scooping up bargains and flipping them into deals • The team is dodging the worst of tariffs by leveraging U.S. middlemen. Less price pressure, more happy customers ⚠️ What’s Challenging • Margins dipped to 29.5%, down from 30%, thanks to inventory hedging and freight • Inventory rose 15% year-over-year. Could mean more markdowns if demand slows • Q2 outlook is a little soft, with tariffs and supply chain gripes still looming 🗣️ What Management Is Saying • CEO Ernie Herrman: “Our value proposition is clearly resonating. Shoppers are visiting more frequently and buying across categories.” • On tariffs: “Our flexible buying and sourcing model lets us adjust quickly to changing market conditions, including tariff and cost pressures.” 🚀 Strategy and What’s Next • TJX isn’t slowing down. 130+ new stores are on the way this year • Inventory playbook is all about staying nimble, pouncing on opportunities, and filling those shelves with the best finds • Off-price magic still lives in value, freshness, and the thrill of the aisle. No app can replace that • Tariff talk isn’t going away, but TJX is built to pivot 📝 Retail Nerd Notes: When most retailers are sweating the slowdown, TJX is cashing in. HomeGoods flipped the script, and shoppers are back for that guilt-free “treat yourself” moment. If the consumer really pulls back, those packed backrooms could be an issue, but for now, it’s TJX’s world and we’re all just treasure hunting in it. Here’s the big question. What can the rest of home retail learn from the HomeGoods playbook? When everyone else is feeling the pain, HomeGoods is packing the aisles. Is it all about value, agility, or just the thrill of the hunt? Sound off…what’s the secret sauce, and who’s bold enough to try it next? #RetailNerd #EarningsSeason #TJMaxx #HomeGoods #RetailTrends #OffPrice #Q12025 #LinkedInNews

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