TJX has only a CEO and four Senior Vice Presidents, one of which is their CFO. There is also a chief merchandising officer, chief legal officer and secretary, chief omnichannel and operations officer, chief stores and human resources officer, chief private brands officer, chief marketing officer, chief strategic analytics and innovation officer and a chief merchandising planning officer. Both TJX and Macy’s have a myriad of buyers. While Macy’s and Bloomingdale’s together have not disclosed their numbers, I estimate that they have 180 to 200 buyers while TJX has over 1,000. TJX buyers are diligently trained to recognize style, quality and value, supervised carefully for about 3 years by a trainer who ensures compliance to corporate objectives.

Source: Forbes July 13, 2017 11:03 UTC