What: TJX invests USD 360 million for a 35% stake in Dubai-based off-price retailer Brands for Less, while raising its full-year profit guidance.

Why it is important: This strategic investment expands TJX's global footprint and strengthens its position in the growing off-price retail market, reflecting confidence in continued consumer demand for value-driven shopping.

TJX Cos. Inc. has announced a USD 360 million investment to acquire a 35% stake in Dubai-based off-price retailer Brands for Less, expanding its international presence. The investment is expected to be slightly accretive to earnings by Fiscal 2026 and highlights TJX’s strategy to grow its global reach through partnerships. Alongside this investment, TJX reported strong second-quarter results, with a net income increase of 11.1% to USD 1.1 billion and a 5.6% rise in net sales. Following these results, the company raised its full-year earnings guidance, reflecting confidence in its business model and consumer demand. TJX also celebrated the milestone of opening its 5,000th store and plans further expansion, aiming to grow to 6,300 stores in its current markets.

# TJX boosts global reach with USD 360M stake in Dubai's Brands for Less, raises full-year guidance