Segment Information

6 Months Ended

Jul. 28, 2012

Segment Information

Note F. Segment Information

TJX operates four business segments. In the United States, TJX’s two segments are Marmaxx (T.J. Maxx and Marshalls stores) and HomeGoods. The TJX Canada segment operates stores in Canada (Winners, HomeSense and Marshalls), and the TJX Europe segment operates stores in Europe (T.K. Maxx and HomeSense). A.J. Wright ceased to be a segment following its consolidation. TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense and interest expense. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. The terms “segment margin” or “segment profit margin” are used to describe segment profit or loss as a percentage of net sales. These measures of performance should not be considered alternatives to net income or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.

Presented below is financial information with respect to TJX’s business segments:

	Thirteen Weeks Ended
	July 28,		July 30,
In thousands	2012		2011
Net sales:
U.S. segments:
Marmaxx	$	3,976,051	$	3,653,586
HomeGoods		597,714		515,309
International segments:
TJX Canada		660,703		637,691
TJX Europe		711,091		661,688
	$	5,945,559	$	5,468,274
Segment profit:
U.S. segments:
Marmaxx	$	581,379	$	478,922
HomeGoods		60,531		37,472
International segments:
TJX Canada		92,661		92,309
TJX Europe		24,724		7,322
		759,295		616,025
General corporate expense		67,323		47,479
Interest expense, net		9,182		9,109
Income before provision for income taxes	$	682,790	$	559,437

Financial information on TJX’s business segments (continued):

	Twenty-Six Weeks Ended
In thousands	July 28, 2012		July 30, 2011
Net sales:
U.S. segments:
Marmaxx	$	7,865,109	$	7,178,795
HomeGoods		1,193,436		1,018,592
A.J. Wright (1)		—		9,229
International segments:
TJX Canada		1,300,912		1,229,760
TJX Europe		1,384,188		1,252,193
	$	11,743,645	$	10,688,569
Segment profit (loss):
U.S. segments:
Marmaxx	$	1,186,007	$	969,903
HomeGoods		129,964		82,931
A.J. Wright (1)		—		(49,291	)
International segments:
TJX Canada		163,726		128,392
TJX Europe		36,453		(23,993	)
		1,516,150		1,107,942
General corporate expense		133,946		100,833
Interest expense, net		18,009		18,026
Income before provision for income taxes	$	1,364,195	$	989,083

(1) The consolidation of the A.J. Wright segment was completed in fiscal 2012 (see Note B).