TJX news and archive

Lululemon and TJX begin reopening stores

As countries around the world begin easing their lockdown measures, many stores are able to reopen again. Lululemon and TJX join the list of companies that have announced their phased plan of renewed in-store services, with a focus placed on safety measures. Lululemon After closing the majority of its global stores in mid-March, Lululemon is...

Business

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...