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Slide #12. The TJX Companies, Inc. — Sierra Trading Post
The TJX Companies, Inc. (NYSE:TJX)
Sierra Trading Post
The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced that it has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming. The purchase price of approximately $200 million, which is subject to customary post-closing adjustments, was paid in cash and financed from TJX's existing cash balances. TJX expects that this transaction will be slightly accretive to earnings beginning in fiscal 2014, but that this impact will not be material to TJX's consolidated financial statements.
TJX Companies is an off-price apparel and home fashions retailer. Co.'s T.J. Maxx and Marshalls chains in the United States (Marmaxx) sell family apparel, home fashions and other merchandise. Co.'s HomeGoods segment is an off-price retailer of home fashions in the United States. Co.'s TJX Canada segment operates the Winners, HomeSense and Marshalls chains in Canada. Co.'s TJX International segment operates the T.K. Maxx and HomeSense chains in Europe and the T.K. Maxx chain in Australia. In addition to its four segments, Co. operates Sierra, an off-price retailer of brand name and quality outdoor gear, family apparel and footwear, sporting goods and home fashions.
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Strong Buy (3.62 out of 4)