TJX Companies Accelerates Brick-and-Mortar Expansion with 146 New Stores Planned for 2027

The TJX Companies, Inc. (NYSE: TJX), parent company of retailers TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra, is accelerating its brick-and-mortar expansion plans. The company intends to add 146 net new stores during its fiscal year 2027, ending January 31, 2027, representing approximately a 3% increase to its store count.

Expansion Details

The expansion will encompass several key regions: 104 net new stores are planned for the United States, 13 for Canada, 19 for Europe, and 10 for Australia, as announced by TJX Chief Financial Officer John Klinger during the company’s fourth quarter fiscal year 2026 earnings call on February 25, 2026.

Strong Performance and Growth Strategy

This accelerated pace of expansion surpasses the 129 stores added across all regions during the fiscal year that ended January 31, 2026, bringing the total store count to 5,214. TJX CEO and President Ernie Herrman highlighted the company’s ability to attract a diverse customer base due to its access to a wide range of merchandise. He noted an increase in younger customers visiting its retail banners.

“All of this gives us confidence that we can continue to open stores in new markets in each of our geographies,” Herrman stated during the earnings call.

Long-Term Growth Potential

Looking beyond 2027, TJX anticipates the potential to add an additional 1,700 stores over the long term, expanding its global store base to 7,000 stores within its existing countries and with its current retail banners. The company remains confident in the enduring appeal of in-store shopping and is committed to enhancing the customer experience through store remodels and new prototype designs.

Financial Performance and Leadership

John Klinger, Senior Executive Vice President and Chief Financial Officer of TJX Companies, assumed the role on February 4, 2024, following a succession plan that moved Scott Goldenberg to Executive Advisor. During fiscal year 2025, TJX reported $56.4 billion in net sales, diluted earnings per share (EPS) of $4.26, operating cash flow of $6.1 billion, and a total shareholder return of 29.7%. The company also received a 91% say-on-pay support in 2024, indicating investor approval of its executive compensation program.

Competitive Landscape

TJX’s expansion plans are occurring within a competitive retail environment. Ross Stores, a competitor, added 40 new stores in the third quarter of 2025, bringing its total store count to 2,273 in the U.S.