Most Innovative Companies

T.J. Maxx

Discount retailer T.J. Maxx’s sales were up 5% to 7% in 2016 on average (and revenue up 30% in the last five years), an impressive feat in the current retail landscape but even more so when you consider that T.J. Maxx has a very limited e-commerce presence. Listing items online would go against its strategy of injecting shoppers with FOMO: Inventory is limited, so buy it now or it's gone forever. A slew of new store openings were announced at the end of 2016.

2017: Retail
staff: 216,000
headquarters: Framingham, Massachusetts