About TJX Europe
What is Off-Price Retailing?
Off-price is our business model, and in short it means we offer quality labels for less.
We delight, surprise and excite our customers with big name brands at up to 60% off recommended retail prices. It’s a formula that works – and it keeps our customers coming back time and time again.
We are not a discount store, and we don’t rely on sales and gimmicks. Instead, we’re all about getting great value on brand-name merchandise, and then passing on the savings to our customers.
How do we do this? Through smart, opportunistic buying and commercial decision-making. We buy from thousands of different designers and brand owners every day. Our buyers never know what they’re going to find, but they’re empowered to make decisions on the spot. Which means we never know what’s going to be delivered to our stores, and our customers never know what they’re going to discover.
Our financial strength means that we’re able to pay vendors promptly, and puts us in a strong position when it comes to negotiations. What’s more, our buyers are out in the market year-round (rather than just four times a year). Because they buy from over 18,000 vendors in more than 100 countries, there is never any shortage of new opportunities to explore.
We never know exactly what’s coming; but we do know how to sell it. We keep our stores simple and frill-free, without ever compromising on the comforts of our customers. That means there’s more to invest in our people and our products, but also means we can be flexible when stock comes in. Flexibility is key because everything has to get out onto the stock floor that very day. Not a moment is wasted.
It all makes for an incredibly fast-paced, agile business. Every bit as exciting for our people as it is for our customers.