Retail Industry
Industry: Email Alert RSS FeedTAKING IT TO THE MAXX WHY THE OWNER OF T.J. MAXX AND MARSHALLS IS GOING STRONGER THAN EVER -- TO THE TUNE OF $5.5 BILLION.(Brief Article)
Daily News Record, August, 2002 by BRUMBACK, NANCY
"T.J. Maxx and Marshalls are defining the price of apparel for many people."
That conclusion, from George Rosenblum, chair-man of Leo J. Shapiro & Associates, a Chicago consumer research firm, goes a long way toward explaining the impact the two off-price chains are having on the apparel industry, at both the retail and manufacturer level. As Rosenblum continued, "For the department stores to compete, they have to have a significant amount of goods at low prices. A lot of the merchandise a department store sells today is at off-price."
The two apparel chains are the largest part of an off-price empire created by TJX Cos., based in the Boston suburb of Framingham. Its holdings also include off-price apparel retailers in Canada and Europe; Home Goods,...
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