As of Apr 29, 2017, the company operated a total of 3,862 stores including: 1,191 TJ Maxx, 1,039 Marshalls, 596 Homegoods stores and 12 Sierra Trading Post stores in the US; 258 Winners, 109 Homesense and 61 Marshalls stores in Canada; 515 TK Maxx & 46 Homesense stores in Europe; and 35 Trade Secret stores in Australia.
During the fiscal 2017, the company opened 233 net new stores, and expects to open 250 net new stores in fiscal 2018. The company added 50 net new stores in the first quarter of fiscal 2018. Long term, the company believes there is the potential for 5,475 stores globally.
Virtually all store locations are leased and are generally located in community shopping centers. Leases are generally for 10-year terms with options to extend the lease term for one or more 5-year periods in the U.S. and Canada, and 10 to 15-year terms in Europe. TJX has the right to terminate some of these leases before the expiration date under specified circumstances and some with specified payments.
TJ Maxx stores average approximately 28,500 gross sq ft, Marshalls US stores average approximately 30,200 gross sq ft, HomeGoods stores average approximately 24,500 gross sq ft and Sierra Trading Post stores average approximately 25,000 gross sq ft; Winners Canada stores average approximately 28,200 gross sq ft, HomeSense Canada stores average approximately 23,600 gross sq ft, and Marshalls Canada stores average approximately 29,800 gross sq ft; TK Maxx Europe stores average approximately 29,800 gross sq ft and HomeSense Europe stores average approximately 20,500 gross sq ft.
|Total gross square feet (M)||107,800||106,900||102,400||97,600||93,300||89,100|
|Total gross square feet growth||4.2%||4.4%||4.9%||4.6%||4.7%||1.7%|
|Avg store gross sq ft||27,900||28,000||28,300||28,700||29,000||29,200|
|Avg store gross sq ft growth||-1.3%||-1.0%||-1.4%||-0.8%||-0.8%||-3.1%|