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TJX's expansion beyond North America came in 1994, when the fourth brand division, T.K. Maxx, was founded in the United Kingdom, and then expanded into Ireland. [14] In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand. T.J. Maxx and Marshalls later became consolidated as two brands under a single division, The Marmaxx Group ...
TJ Maxx in the Plankinton Arcade in Milwaukee. TJ Maxx was founded in 1976 in Framingham, Massachusetts, by Bernard Cammarata and the Zayre chain of discount department stores. Zayre had tried but failed to purchase Marshalls, so Zayre hired Cammarata, who had been Marshalls' head of merchandising, to create a rival chain. [4]
Since Marshalls made up 28% of Melville's sales at this time, there was a lot of focus on turning the store around. [5] Marshalls was outperformed by rival TJ Maxx in the early 1990s. [6] By 1993, Marshalls had expanded throughout 42 states including Hawaii, and had opened several downtown locations.
Marshalls and T.J. Maxx, both owned by the Framingham-based parent company TJX Companies, just placed in Newsweek's list of America's best retailers of 2024.. In the discount clothing category ...
When that effort failed, the company hired Bernard 'Ben' Cammarata, previously General Merchandise Manager of Marshalls, to essentially create a Marshalls clone. In March 1977, he opened the first T.J. Maxx in Auburn, Massachusetts, quickly followed by a second store in nearby Worcester. The stores were an instant hit with customers, including ...
TJ Maxx could reap the benefits of supply chain distruptions for a long time. The chain has been one of the strongest retailers over the past decade, in times of both economic growth and downturns .
But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs ...
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.