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TJX Companies: Coronavirus (COVID-19) Company impact

May 2020 | 20 pages | ID: T54E677B86ADEN
GlobalData

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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
  • 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.
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

TK Maxx
TJ Maxx
Marshalls
H&M
Nordstrom
JC Penney
Debenhams


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