Mickey Drexler is a retail industry veteran who served as CEO of Gap for 19 years (growing sales from $400M to $14B), CEO of J. Crew, and served on Apple's board for 16 years under Steve Jobs. He currently runs Alex Mill, a private apparel company.
TJX's off-price model with honest, fair pricing creates durable competitive advantage versus competitors who play price games with markups and discounts.