tjx companies is the parent company of tj maxx.
tjx companies is the parent company of tj maxx.
what is the parent company of tj maxx?
tjx companies
as of 2018 tj maxx unites over 1200 stores in different states of the u.s.a. in marshalls – there are over 1 000 stores. both networks are managed by marmaxx co., which is the biggest fashion operator in the u.s.a according to volume of sales. tj maxx and marshalls (as well as other networks included in tjx companies) offer discounts of 20-60% compared to regular retailers. their suppliers are more than 20 000 companies from 100 countries worldwide. these networks have similar product assortments mainly based around clothing, footwear, accessories, similar stores in their area size and design, but in tj maxx one might find trademarks belonging to a higher pricing segment and a wider lineup of jewelry and accessories. in marshalls a greater range of footwear is available along with clothes for men and young men. tj maxx launched a web store launched in 2009. initially it only sold baggages, but it gradually widened its assortment to include clothing, footwear, jewelry, accessories and household appliances. cumulative turnover of both networks according to 2017 statistics was more than 22 bln dollars.
off-price
business insider described tj maxx as "macy's worst nightmare" in an oft-quoted 2016 article by mallory schlossberg. in a later article schlossberg also reported on how tj maxx's soaring sales "should be concerning for ailing department stores that are fighting to get people to pay full price." as off-price retailers are becoming an increasing threat to traditional department stores, signaling a change in consumer buying habits, tj maxx's revenue grew to surpass that of macy's. according to "the economist", "the overheads at tjx and ross are, as a percentage of sales, about half those of macy's or nordstrom" and fortune stated that "the quicker inventory turn and the sense that an item on a rack might not be there the following week at a tj maxx or a marshalls has led to a boom in this area of retail and made such stores a rarity in the business: shoppers are coming to stores."
tj maxx