TJ Maxx news and archive

TJX to furlough employees and cut executive pay

Even off-price retail chains, which have long been a sweet spot for retail even in the midst of a recession, are feeling the impact of COVID-19. TJX, the parent company of TJ Maxx and Marshalls, will be furloughing employees and cutting executive pay by 20 to 30 percent until further notice. Beginning April 12, the majority of in-store and...

Retail

Marshalls debuts first-ever online store

Marshalls has finally joined the world of e-commerce. With over 1,100 stores in the U.S. and Canada, retailer has been a fan-favorite for selling off-price clothing, accessories and home goods for decades. Now, Marshalls is bringing its same discount finds online. The retailer has been owned by parent company TJX Companies since the...

RetailFeatured

TK Maxx to open in Australia

London - International discount retailer TK Maxx has confirmed it is set to open its doors in Australia. Owned by US firm TJX Companies Inc, TK Maxx, known as TJ Maxx in North America, is said to be the first major 'off-price' retailer to expand into the country. TK Maxx is set to open at least 35 stores across the country in former locations of...

BusinessFeatured

Will TK Maxx's return to the Benelux be a top or flop?

Best known for its deeply discounted designer label products and home furnishing, which sell at 20 percent to 60 percent under the recommended retail price, TK Maxx has managed to maintain consumer appeal over the years, which has allowed its parent company TJX Companies to hold a strong position within the global off-price retailing market. Now...