TJX Companies: Coronavirus (COVID-19) Company impact
Summary
Reliance on severely impacted regions will harm TJX in the short run, but its future prospects look brighter than most.
TJX has been striving to protect its workers’ safety and financial security amid the pandemic, which will help to ensure greater commitment in the long term.
The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact TJX's performance.
Scope
Reasons to Buy
Summary
Reliance on severely impacted regions will harm TJX in the short run, but its future prospects look brighter than most.
TJX has been striving to protect its workers’ safety and financial security amid the pandemic, which will help to ensure greater commitment in the long term.
The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact TJX's performance.
Scope
- Despite the severe immediate effects of the coronavirus on its sales, TJX is better placed than other clothing and home fashion retailers to recovery quickly and return to growth due to its market positioninga s a major off-price retailer.
- Geographically, TJX is extremely exposed to the woes of COVID-19 due to its reliance on North America and Western Europe, both of which have been significantly affected by the virus.
Reasons to Buy
- Use our revised 2020 forecast to understand how TJX will perform this year.
- Use our charts to review how TJX's sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how TJX has responded to COVID-19 and how this will affect its performance.
Table of Contents
Executive Summary- TJX's exposure to COVID-19
- TJX's operational responses to COVID-19
- Key findings
- Key conclusions
- Geographic spread analysis - COVID 19 vs TJX Group Sales
- Global & regional impact
- COVID-19 global impact score for TJX versus competitors
- Revised 2020 revenue forecast
- TJX exposure: brand sales by region vs regional impact levels
- Company reaction
- Store and website closures
- Employee and supplier pay
- Helping the community
Appendix
- Methodology
List of Figures
- Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
- Countries/ regions affected by COVID-19
- Spread of TJX group sales and stores in 2019
- COVID-19 global impact score for TJX versus competitors
- TJX global revenue and year on year growth 2015-2020
- TJX exposure: brand sales by region vs regional impact levels
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- TK Maxx
- TJ Maxx
- Marshalls
- H&M
- Nordstrom
- JC Penney
- Debenhams
