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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]
Marshalls store in Erin Mills Town Centre, Mississauga, Ontario, Canada. Marshalls, Inc. is an American chain of off-price department stores owned by TJX Companies.Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store (stores operating with HomeGoods combined), covering 49 states and Puerto Rico, and 61 stores in Canada.
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.
Here's how to save even more at low-cost department stores.
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 .
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