The TJX Companies, Inc. is the leading off-price apparel and home fashions retailer in the U.S. and worldwide. We believe that our business model is one of the most flexible in the world and that we have one of the widest demographic reaches in retail, both of which have enabled us to achieve successful, profitable growth year after year, through many types of economic and retail cycles across different geographies. In our nearly 40-year history, our annual comparable store sales have declined only once, and we have delivered solid earnings growth and some of the highest financial returns we have seen in retail. We are one of the few large U.S. retailers to have expanded profitably internationally. We now operate stores in nine countries across three continents and we continue to believe we have vast growth opportunities both in the U.S. and internationally. Our strong operations consistently generate large amounts of cash annually, which affords us the flexibility to balance our growth with investment while simultaneously returning value to shareholders. We are excited about our opportunities for the future and are confident in our ability to profitably grow our off-price concept around the world and become a $40 billion-plus company! To learn more about the reasons for our confidence, we invite you to read our Key Success Factors below.