TJX Companies has lifted its long-term global store target by 500 locations to 7,500 stores across its existing banners and current 10 countries, up from the previous goal. The company ended the second quarter of fiscal 2027 with 5,285 stores, leaving room for more than 2,200 additional locations. The expansion includes raising the combined target for TJ Maxx and Marshalls by 300 stores to 3,300, and increasing HomeGoods' target by 200 stores to 2,000. TJX plans to accelerate annual store opening growth to 4% starting in fiscal 2028, up from 3%, citing opportunities in rural markets, closer store spacing, and smaller formats in urban areas. Rivals Ross Stores and Burlington Stores are also expanding, with Ross raising its 2026 opening plan to 115 stores and Burlington targeting at least 110 net new stores annually to reach 1,500 by end-2028. TJX shares have fallen 16.8% in the past month, and the company trades at a forward P/E of 23.88X, below the industry average of 27.82X.
The TJX Companies IncRaises store target and accelerates expansion, indicating confidence in demand.
Burlington Stores IncTargets at least 110 net new stores annually to reach 1,500 by 2028.
Ross Stores IncRaises 2026 opening plan to 115 stores, showing expansion.
