Ernie Herrman Made TJX a Shopping Destination. Now He's Taking It Global. -- Barrons.com

Dow Jones06-19

By Teresa Rivas

Change is a constant in life, and the retail industry has seen more than its share in the past decade, from the upheaval caused by the Covid pandemic to the pain of inflation and the growth of e-commerce. Two things have stayed the same, however: Americans love a bargain, and off-price retailer TJX Cos. continues to offer enticing deals.

CEO Ernie Herrman, 65, has led the owner of T.J. Maxx and HomeGoods capably for the past 10 years, but his talents have shone especially brightly of late. TJX earnings per share hit a record last year and are on track to do so again in 2026.

Having established TJX as a value destination in the U.S., Herrman is now expanding across several continents. The company opened its first location in Spain earlier this year. It is able to scale up quickly abroad due to its strong relationships with vendors, which have helped it stay ahead of the fashion curve.

The company has had better-than-expected comparable-store sales in recent quarters and has raised its earnings guidance, even in a challenging environment for many consumers with inflation on the rise.

Retail and consumer-discretionary stocks have lost ground this year, but not TJX, whose shares have reached new highs.

Write to Teresa Rivas at teresa.rivas@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 19, 2026 01:00 ET (05:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Two things have stayed the same, however: Americans love a bargain, and off-price retailer TJX Cos. continues to offer enticing deals. \n\n\n  CEO Ernie Herrman, 65, has led the owner of T.J. Maxx and HomeGoods capably for the past 10 years, but his talents have shone especially brightly of late. TJX earnings per share hit a record last year and are on track to do so again in 2026. \n\n\n  Having established TJX as a value destination in the U.S., Herrman is now expanding across several continents. The company opened its first location in Spain earlier this year. It is able to scale up quickly abroad due to its strong relationships with vendors, which have helped it stay ahead of the fashion curve. \n\n\n  The company has had better-than-expected comparable-store sales in recent quarters and has raised its earnings guidance, even in a challenging environment for many consumers with inflation on the rise. \n\n\n  Retail and consumer-discretionary stocks have lost ground this year, but not TJX, whose shares have reached new highs. \n\n\n  Write to Teresa Rivas at teresa.rivas@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. 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