TJX Companies

As of 2019[update], TJX operates TJ Maxx (in the United States) and TK Maxx (in Australia and Europe), its flagship store chains, along with Marshalls, HomeGoods, HomeSense, and Sierra in the United States, and HomeSense, Marshalls, and Winners in Canada.

Observers blamed technological inferiority, poor maintenance, inappropriate pricing, and inventory pileups, and Zayre appeared ripe for takeover.

[11] In 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain.

[16] TJX sold Hit or Miss, a discount mall based clothing store in 1995 as well through an employee leveraged buyout.

Wright, in 1998 in the eastern U.S.[18] The brand went national in 2004 when it opened its first stores in California on the west coast.

[10] In 2003, TJX acquired an eighth brand division, Bob's Stores, concentrated in New England.

[10] TJX began to test the side-by-side superstore model in the United States in 2004, combining some of each of the two Marmaxx brand stores with HomeGoods.

[25] In December 2012, TJX acquired Sierra Trading Post, an off-price internet retailer of outdoor gear and apparel.

[28] In October, Ernie Herrman was named CEO of the company, replacing Carol Meyrowitz.

The company announced that revenues dropped 31% over the months of May, June, and July, primarily due to extensive closures of the shop for around one-third of the period.

TJX said that it was working with General Dynamics, IBM and Deloitte to upgrade computer security.

[36] Another, Jonathan James, professed his innocence and later committed suicide, apparently out of the belief that he was going to be indicted.

[37] The alleged ringleader Albert Gonzalez, was later indicted in August 2009 with attacking Heartland Payment Systems, where 130 million records were compromised.

Marshalls, HomeGoods, and T.J. Maxx co-located at a building in Boston's Downtown Crossing (2020).