The TJX Companies, Inc. Elects José B. Alvarez to Board of Directors
September 18 2020 - 8:30AM
Business Wire
The TJX Companies, Inc. (NYSE:TJX), the leading off-price
apparel and home fashions retailer in the U.S. and worldwide, today
announced that on September 16, 2020, its Board of Directors
elected José B. Alvarez to the Board, effective immediately. Mr.
Alvarez previously served on TJX’s Board of Directors from 2007
through 2018.
Mr. Alvarez is a member of the faculty of the Harvard Business
School, which he joined in 2009 after holding various senior
executive roles in the food retail industry. He served as Executive
Vice President -- Global Business Development for Royal Ahold N.V.,
now Royal Ahold Delhaize N.V., a global food retail group, in 2008
and served in a number of key management positions at Stop &
Shop/Giant-Landover, a U.S. division of the group, from 2001 until
2008, including President and Chief Executive Officer and Executive
Vice President, Supply Chain and Logistics. He previously held
executive positions at Shaw’s Supermarkets after beginning his
career at American Stores Company in 1990. Mr. Alvarez has also
been a member of the board of directors of United Rentals, Inc., an
equipment rental company, since 2009.
His long career in the retail industry, including his experience
as an educator on the industry, along with his public company
directorships, provide him with deep expertise in global retail
chain management, including organizational leadership, store
management, supply chain, logistics, distribution, merchandising,
marketing, and strategy.
Carol Meyrowitz, Executive Chairman of the Board of The TJX
Companies, Inc., stated, “We could not be more pleased to welcome
back José to our Board of Directors. His range of experience, deep
knowledge of the global retail industry and understanding of our
Company can bring valued insight into the boardroom and add to the
strength and diversity of our Board. We look forward to working
with José again as we continue to focus on the near- and long-term
strength, stability and success of the Company.”
About The TJX Companies,
Inc.
The TJX Companies, Inc. is the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide. As of August
1, 2020, the end of the Company’s second quarter, the Company
operated a total of 4,557 stores in nine countries, the United
States, Canada, the United Kingdom, Ireland, Germany, Poland,
Austria, the Netherlands, and Australia, and four e-commerce sites.
These include 1,271 T.J. Maxx, 1,134 Marshalls, 818 HomeGoods, 46
Sierra, and 34 Homesense stores, as well as tjmaxx.com,
marshalls.com, and sierra.com in the United States; 279 Winners,
141 HomeSense, and 102 Marshalls stores in Canada; 597 T.K. Maxx
and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 57
T.K. Maxx stores in Australia. TJX’s press releases and financial
information are available at TJX.com.
Important Information at
Website
The Company routinely posts information that may be important to
investors in the Investors section at TJX.com. The Company
encourages investors to consult that section of its website
regularly.
Forward-looking
Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Various statements made in this release are
forward-looking and involve a number of risks and uncertainties.
All statements that address activities, events or developments that
we intend, expect or believe may occur in the future are
forward-looking statements. The following are some of the factors
that could cause actual results to differ materially from the
forward-looking statements: execution of buying strategy and
inventory management; operational and business expansion and
management of large size and scale; customer trends and
preferences; various marketing efforts; competition; economic
conditions and consumer spending; the ongoing COVID-19 global
pandemic and associated containment and remediation efforts; labor
costs and workforce challenges; personnel recruitment, training and
retention; data security and maintenance and development of
information technology systems; corporate and retail banner
reputation; quality, safety and other issues with our merchandise;
compliance with laws, regulations and orders and changes in laws,
regulations and applicable accounting standards; serious
disruptions or catastrophic events and adverse or unseasonable
weather; expanding international operations; merchandise sourcing
and transport; commodity availability and pricing; fluctuations in
currency exchange rates; fluctuations in quarterly operating
results and market expectations; mergers, acquisitions, or business
investments and divestitures, closings or business consolidations;
outcomes of litigation, legal proceedings and other legal or
regulatory matters; disproportionate impact of disruptions in the
second half of the fiscal year; cash flow; inventory or asset loss;
tax matters; real estate activities; and other factors that may be
described in our filings with the Securities and Exchange
Commission. We do not undertake to publicly update or revise our
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied in
such statements will not be realized.
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The TJX Companies, Inc. Debra McConnell Global Communications
(508) 390-2323
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