Ernie Herrman
Chief executive and president of TJX Companies
Ernie Herrman is the chief executive and president of TJX Companies, the US group behind T.J. Maxx, Marshalls, HomeGoods, Winners in Canada and TK Maxx in Europe and Australia. He was named chief executive in October 2015 and took over from Carol Meyrowitz in January 2016.
| Role | Chief executive and president, TJX Companies |
|---|---|
| Since | January 2016 |
| Predecessor | Carol Meyrowitz |
| Key banners | T.J. Maxx, Marshalls, HomeGoods, Winners, TK Maxx |
| Sector | Off-price retail |
Who is Ernie Herrman?
Ernie Herrman is the chief executive and president of TJX Companies, the Massachusetts based retailer that is the largest operator of off-price apparel and home fashion stores. TJX buys branded merchandise opportunistically, often from excess inventory, and sells it at prices below full price department and specialty stores. This makes it one of the most important outlets in the world for fashion brands' surplus stock.
Career
TJX announced Herrman as its next chief executive in October 2015, and he took over in January 2016, succeeding Carol Meyrowitz, who became executive chairman. The company's leadership page lists him today as chief executive officer and president.
- TJX Companies: chief executive since January 2016
- Title today: chief executive officer and president
- Predecessor: Carol Meyrowitz
Influence on the fashion business
The TJX portfolio spans T.J. Maxx, Marshalls and HomeGoods in the United States, Winners and Marshalls in Canada, and TK Maxx in Europe and Australia, together with the outdoor focused Sierra chain, which grew out of the 2012 acquisition of the off-price online retailer Sierra Trading Post.
For fashion brands, TJX is both a valuable partner and a strategic question. It offers a large, controlled channel for clearing excess inventory and reaching value conscious shoppers, but brands must manage how heavily they rely on off-price without undermining full price sales and brand image. The scale of TJX under Herrman means its buying decisions have a material effect on how brands plan production and manage surplus.
The off-price model depends on buying expertise and fast moving assortments, which means the decisions of TJX's merchants influence how brands plan production, clear inventory and protect their full price channels.
The group also continues to adapt its banners: the outdoor and active focused Sierra chain, which originated with the Sierra Trading Post acquisition, was rebranded in 2019. TJX remains the parent of all of these banners, giving Herrman oversight of an unusually broad international off-price portfolio.
Why it matters
Off-price has become one of the most resilient formats in apparel retail, and TJX is its global leader. As chief executive, Herrman shapes a channel that sits between brands' full price business and the problem of unsold inventory, making him one of the most important retail leaders for fashion wholesale and supply planning.
Frequently asked questions
Who is the CEO of TJX?
Ernie Herrman has been chief executive of TJX Companies since January 2016 and also holds the title of president. He succeeded Carol Meyrowitz.
Which stores does Ernie Herrman's company operate?
TJX operates T.J. Maxx, Marshalls and HomeGoods in the United States, Winners and Marshalls in Canada, and TK Maxx in Europe and Australia, along with the Sierra chain.