Fujitsu Transaction Solutions Inc. announced today that it has signed an agreement with The TJX Companies, Inc. (NYSE: TJX) for Fujitsu to become TJX's single supplier of point-of-sale terminals for its worldwide family of more than 1,600 off-price apparel and home fashions stores.
The three-year agreement calls for Fujitsu to replace Marshalls and other TJX stores' POS hardware with 12,000 Fujitsu TeamPoS(R) 2000 terminals. Fujitsu will also provide POS infrastructure management services which include wiring and rollout. Value of the agreement was not disclosed.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the United States and worldwide. Fujitsu will supply POS terminals for the company's 582 Marshalls, 688 T.J. Maxx, 112 HomeGoods and 45 A.J. Wright stores in the United States; 131 Winners and 7 HomeSense stores in Canada; and in Europe, 101 T.K. Maxx stores. Fujitsu will also supply POS terminals for as many as 600 new stores as TJX expands over the next three years.
"A key strength of The TJX Companies is our ability to leverage the synergies of our various businesses," said Arnold Barron, chief operating officer of The Marmaxx Group and senior vice president of TJX. "This leverage allows us to maintain a low operating cost structure and continue to pass great savings on to our customers. By selecting Fujitsu as our single POS vendor, we have capitalized on this leverage."
Austen Mulinder, president and chief executive officer of Fujitsu Transaction Solutions, said, "Fujitsu has been a trusted vendor to TJX for more than 13 years. We are delighted to extend this relationship to the Marshalls chain. Their decision to extend our partnership to develop a unified environment will help The TJX Companies lower their total cost of IT ownership through greater efficiencies while fulfilling their expansion goals."
About The TJX Companies
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates 688 T.J. Maxx, 582 Marshalls, 112 HomeGoods and 45 A.J. Wright stores in the United States. In Canada, the company operates 131 Winners and 7 HomeSense stores, and in Europe, 101 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com.
Marshalls is the nation's second largest off-price retailer and was acquired by TJX in 1995. Marshalls offers brand name family apparel, giftware, domestics and accessories. In addition, Marshalls offers shoes for the entire family and a broader assortment of menswear than does T.J. Maxx, all at excellent values. The Marshalls chain continues to add stores to its base. At the end of 2000, Marshalls operated 535 stores, with an average store size of 31,000 square feet.
About Fujitsu Transaction Solutions Inc.
Fujitsu Transaction Solutions Inc., headquartered in Dallas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702). The company is a total lifecycle solutions supplier for North American retailers and financial services providers. Fujitsu optimizes the customer's technology lifecycle and reduces total cost of ownership with point-of-sale (POS) hardware and software, handheld devices and applications, Web-enabled automated-teller machines (ATMs) and infrastructure services, including asset management. Fujitsu offers world-class customer-service support, call centers, product staging/integration and rapid-response rollouts. It serves customers such as Allfirst Financial, Albertson's, Nordstrom, Recreational Equipment Inc. (REI), Safeway, Staples and U.S. Bank, among others.
Web site: www.ftxs.fujitsu.com.
