Off-Price Retailer TJX Accelerates Brick-and-Mortar Expansion Plan

The TJX Companies plans to add 146 net new stores during its fiscal year 2027, which ends Jan. 31, 2027, increasing its store count by about 3%.

The retailer’s plans include 104 net new stores in the United States, 13 in Canada, 19 in Europe and 10 in Australia, TJX Chief Financial Officer John Klinger said Wednesday (Feb. 25) during the company’s fourth quarter fiscal year 2026 earnings call.

TJX is an off-price retailer of apparel and home fashions whose stores in the U.S. include TJ Maxx, Marshalls, HomeGoods, Homesense and Sierra, according to a Wednesday earnings release.

The pace of new store growth planned for the current year exceeds that of the previous years. During the fiscal year that ended Jan. 31, TJX added 129 stores across all its regions, bringing the total to 5,214, according to the release.

TJX CEO and President Ernie Herrman said during the call that TJX’s access to “good, better and best merchandise” enables it to appeal to various income and age demographics and that the company sees an outsized proportion of new, 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 said.

Looking further ahead, Herrman said that over the long term, TJX could add another 1,700 stores, expanding its global store base to 7,000 with its existing retail banners and in its current countries.

“We remain confident that in-store shopping is not going away and believe our focus on offering customers an exciting treasure hunt shopping experience every day will continue to serve us well,” Herrman said. “Additionally, we are always looking at ways to further improve our in-store shopping environment and remain committed to investing in store remodels and new prototypes that we believe will enhance the customer shopping experience.”

Competitor Ross Stores added 40 new stores in the third quarter of 2025, bringing its total to 2,273 in the U.S., according to its latest investor presentation, which was released in November. The company’s brands include Ross Dress for Less and dd’s DISCOUNTS.