TJX Growing Its Chains

FRAMINGHAM, MA-Off-price apparel and home furnishings retailer TJX Cos. will increase all of its chains’ store counts this year. HomeGoods, the company’s domestic home fashions stores, will grow at a 19% clip, adding 40 units to its current count of 216.

“I have a lot of confidence in HomeGoods,” said Edmond English, TJX’s CEO and president. Company officials have said that they plan to grow the chain, which opened 34 units last year, to around 500 stores.

In TJX’s core Marmaxx group, a combination of its T.J. Maxx and Marshalls chains, the company plans to add 47 stores this year, down from the 50 it opened in 2004. Those two chains currently have a total count of 1,468 units.