The off-price giant raises its long-term store target to 7,500 locations
As seen on the 24/7 Wall St. homepage on August 19, 2026.
Further, we are pleased to share that we are planning to accelerate our store openings to 4% starting next year and now believe we can grow our overall global store base to a total of 7,500 stores in our existing retail banners in our current countries over the long term. We remain very confident in the long runway for growth ahead for TJX and we are excited about the opportunities we see to bring great values to even more consumers around the world.
A raised long-term store target on the fiscal Q2 call tells you TJX sees runway while U.S. retail sales slip, and the faster build pace next year lands squarely on Ross and Burlington's turf. Off-price share is being taken store by store.
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On the fiscal second-quarter earnings call, CEO Ernie Herrman raised the long-term ceiling for the global store base to 7,500 locations across existing banners and countries. Management sees demand holding up well enough to justify locking in more square footage.
That ceiling marks where Herrman and his team now believe the off-price model can reach within the current geographic and banner footprint, without entering new countries or launching new concepts. Raising it on an earnings call, rather than at an investor day, ties the confidence to what the company is seeing in current trading.
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The accelerated opening pace lands directly on the same real-estate turf where Ross Stores and Burlington operate. More locations mean more access to the value-seeking consumer, and the company intends to press that advantage while competitors move more cautiously.
Shares rose 1.18% following Herrman's remarks, a reaction that shows investors treating the long-term commitment as credible. The market is pricing the target as achievable rather than aspirational.
Sources
Mentioned: TJX