T.J. Maxx expands, moves to Powers

0 Comments | Gazette, The (Colorado Springs), May 3, 2006 | by JIM BAINBRIDGE THE GAZETTE

T.J. Maxx, part of the local retail scene since Members Only jackets were the height of fashion, is about to enter a new era Thursday when a dual-branded T.J. Maxx/Home-Goods superstore opens on Powers Boulevard.

Covering 55,013 square feet, the store will offer offprice clothing from T.J. Maxx and a selection of off-price home fashions in the Home-Goods side of the store at Powers and North Carefree Circle in First and Main Town Center North.

The new store will create approximately 110 full- and part-time jobs.

T.J. Maxx has closed its store at the Rustic Hills Mall at Academy and Palmer Park boulevards, where it had been located since entering Colorado Springs in the late 1980s. HomeGoods is making its first entry into the Colorado market.

HomeGoods, established in 1992, operates 251 stores around the country, 140 of them stand-alone and 111 paired with either T.J. Maxx or Marshalls.

Parent company TJX Companies Inc. projects that the U.S. market could eventually support 650 HomeGoods stores.

As part of its community outreach program, the new Colorado Springs store will sponsor a child through the Save the Children program, will donate $1,000 to the Family Violence Prevention Fund and also supports Autism Speaks.

TJX is the largest apparel and home fashions off-price retailer in the United States and worldwide, operating eight businesses and ranking 141st in the 2004 Fortune 500 rankings.

TJX's off-price concept stores include T.J. Maxx, Marshalls, HomeGoods and A.J. Wright in the United States; Winners and HomeSense in Canada; and T.K. Maxx in Europe. Bob's Stores is a valueented, regional family apparel retailer, with stores in the U.S. northeast.

CONTACT THE WRITER: 636-0126 or jim.bainbridge@gazette.com