Riding the rising appeal of value-oriented retailing, TJX is planning to open 146 net-new stores in 2026, bringing the retailer’s total brick-and-mortar footprint to 5,300 stores around the world. That would outpace the company’s growth in 2025, when it added 129 stores. TJX operates multiple banners including Marshalls, Home Goods and TJ Maxx.
This doesn’t represent the limit of TJX’s brick-and-mortar ambitions. In a recent conference call, TJX President and CEO Ernie Herrman discussed the potential for global store count to grow to 7,000, aided by the retailer’s recent entrance into Spain: “We have an excellent track record of opening stores in the right locations in the right markets and are convinced that we will continue to do so,” said Herrman. “With the long-term opportunity to open 1,700-plus additional stores globally, we see a very strong path ahead for continued global growth.”
The retailer’s confidence has been buoyed by strong Q4 and FY 2026 results. Net sales for Q4, which ended Jan. 31, 2026, were $17.7 billion, a 9% increase over the same period in Q4 2025, with comparable sales rising 5%. For the full year, net sales of $60.4 billion represented a 7% increase over the previous year, with comparable sales also rising 5%.
Store Expansion to Focus on Marmaxx, HomeGoods Banners and Global Footprint
TJX’s capital expenditure budget for the coming year will be “in the range of $2.2 billion to $2.3 billion,” said John Klinger, Senior EVP and CFO during the conference call. “This includes opening new stores, remodels and relocations as well as investments in our distribution network and infrastructure to support our growth.”
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TJX’s U.S. store growth will include 45 net-new Marmaxx stores and 35 new HomeGoods stores, including 11 HomeSense stores and 24 new Sierra stores. The retailer also will open 13 new stores in Canada and 19 net-new stores in Europe, including the retailer’s first five stores in Spain. TJX also will open 10 new stores in Australia.
“Lastly, we’re planning about 540 remodels and plan to relocate approximately 40 stores in FY 2027,” Klinger added.
Some of TJX’s international growth has been accomplished through partnerships. In June 2024, TJX partnered with Grupo Axo to expand into Mexico as part of a joint venture, and in August 2024 TJX bought a 35% stake in Dubai-based Brands for Less.
“We believe our strategy of operating stores across a wide customer demographic will continue to serve us well,” said Herrman. “With outstanding access to good, better and best merchandise, we can curate our stores with an assortment that appeals to various income and age demographics. This allows us to reach a broad range of shoppers, which we believe differentiates us from many other major brick-and-mortar retailers. Further, we continue to see an outsized number of new younger customers visiting our retail banners at each of our divisions. All of this gives us confidence that we can continue to open stores in new markets in each of our geographies.”
