TJX Expansion Plan Fuels Retail Sales

Discount retailer TJX (TJX) has an expansion-oriented mindset that fuels sales. In the next few years, the company aims to add up to 6 percent more retail square footage annually to its footprint. The Massachusetts retailers owns seven chains that sell apparel and home fashions. That includes 980 T.J. Maxx, 884 Marshalls and 375 HomeGoods stores. TJX also sells in Europe and Canada. The draw: Prices that are 20 percent to 60 percent below those in department and specialty stores. TJX reported fourth quarter income of $475.3 million. Revenue rose by 6 percent to hit $6.71 billion, up 6