🠈 TJX Companies 🠊
TJX Companies
TJX Companies operates a selection of off price retail chains featuring apparel, home goods and camping goods. The company is headquartered in Framingham, Ma. It trades on the NYSE with the symbol: TJX. Stores includes:
- TJ Maxx sells off price apparel in the United States.
- TK Maxx sells off price apparel in Europe.
- Marshalls sells off price goods in the US and Canada.
- Winners sells off price apparel in Canada.
- HomeGoods sells home decor items in the US.
- HomeSense sells off price home decor in the United States, Canada, Ireland, and United Kingdom.
- Sierra Trading Post offers discounted outdoor gear and apparel.
FTC Disclaimer: Sierra Trading Post has an affiliate program. I might receive commissions on sales if someone clicked the banner to the right and made a purchase. I would use the commission to pay the costs of this site. I receive no benefit from the other links.
Corporate History
This is a time line of corporate events.
- 1956: Stanley and Sumner Feldberg open Zayre discount store in Hyannis, Massachusetts. Zayre is yiddish for "very good."
- 1962: Zayre Corp incorporates
- 1969: Zayre acquired Hit or Miss and enters the off-price fashion market.
- 1977: Zayre opens T.J. Maxx in Auburn, Massachusetts with off-price upscale fashions.
- 1983: Zayre opens Chadwick's of Boston which sells Hit or Miss items through a catalog.
- 1984: Zayre starts BJ's Wholesale Club. It is named after Beverly Jean Weich who was the daughter of the company's president.
- 1985: Zayre acquired HomeClub, Inc. with home improvement items.
History of HomeClub
HomeClub, now HomeBase began as a membership club with home improvement items.
- 1983: Robert J. McNulty and George Handgis founded HomeClub with stores in Norwalk and Fountain Valley, Ca.
- 1985: HomeClub had an IPO on NYSE with ticker HBI.
- 1987: Zayre creates a subsidiary called The TJX Companies, Inc.. It offers an IPO retaining an 83% stake.
- 1988: Zayre sells the Zayre discount chain (392 stores) to Ames Department Stores, Inc. for $800 million.
- 1989: Zayre spun off BJs and HomeClub into a company called Waban, Inc then merged with its subsidiary TJX Companies.
Fate of Waban, Inc.
Waban began with two profitable stores: HomeClub and BJ's.
- 1992: The company dropped its membership program to compete with Home Depot and changed its name to HomeBase. They closed 24 of 90 stores.
- 1997: Leonard Green attempted to merge Homebase and K-Marts's Builder Square division.
- 1997: Waban spun off BJ's and changed its name to HomeBase, Inc..
Revival of BJ's
BJ's Wholesale is a membership warehouse with 131 stores and 215 gas stations headquartered in Westborough, MA,
- 2011: Leonard Green and CVC Capital acquired BJ's for $2.8 billion.
- 2018: BJ's announced an IPO with the symbol BJ.
- 2000: HomeBase converted its remaining 67 stores to a home design store called House2Home.
- 2001: Business plummeted after the 9/11 attacks and House2Home filed chapter 11.
- 1990: TJX acquired Winners Apparel Ltd. based in Canada.
- 1982: David Margolis and Neil Rosenberg established the chain.
- 1992: TJX launches HomeGoods with home fashions .
- 1994: TJX launches T.K. Maxx in the United Kingdom.
- 1995: TJX divested Hit or Miss and acquired Marshalls for $606 million.
History of Marshalls
- 1956: Alfred Marshall established a company to sell "brand names for less."
- 1976: Melville's (which is now CVS) acquired then greatly expanded the chain.
- 1995: CVS sold Marshalls to concentrate on its pharmacy.
- 1996: TJX sold Chadwick's of Boston to Brylane L.P.
- 1998: TJX launched A.J. Wright.
- 2001: TJX launched HomeSense in Canada based on its HomeGoods stores.
- 2003: TJX bid $113M for Bob's Stores. Dick's Sporting Goods bid higher but planned to close the stores; so the judge awarded company to TJX.
- 2008: Winners opens a sister store called StyleSense in Canada.
- 2010: TJX closed A.J. Wright and converted 91 stores to other brands.
- 2011: company closed StyleSense.
- 2012: TJX acquired Sierra Trading Post
History of Sierra Trading Post
- 1998: STP was established in Cheyenne, Wy.
- 1999: The company established a web site with discounted outdoor apparel and gear (AD: shop online).
- 2015: TJX acquired Trade Secret and Home Secret from Gazal Corporation Limited out of Australia
References:
- Funding Universe - TJX Companies (Drawn 6/22/2018)
- Wikipedia - TJX Companies (Drawn 6/22/2018)
- TJX - Our History (Drawn 6/25/2018)
- Global News Ca - Style Sense Closes its Three Toronto Stores (Drawn 6/25/2018)
Directory Listings:
- Cochise County - Shopping: Marshalls
- Coconino County - Apparel: Marshalls
- Phoenix Color - Home & Garden: TJX Companies
- Phoenix Color - Apparel: TJX Companies
- Pima County - Apparel: TJX Companies
- Pima County - Pima County: TJX Companies
- Pinal County - Apparel: Marshalls
- Yavapai County - Apparel: TJX Companies
- Yuma County - Apparel: Marshall
- Boulder Color - Apparel: Marshalls and TJ Maxx
- Boulder Color - Home: Home Goods
- Colorado Springs Color - Clothing Stores: TJX Companies
- Colorado Springs Color - Home Stores: Home Goods
- Denver Color - Home: Home Goods
- Denver Color - Apparel: TJX Companies
- Durango Colorado - Shopping: TJ Maxx
- Fort Collins Color - Home & Garden: Home Goods
- Fort Collins Color - Apparel: TJX Companies
- Grand Junction - Apparel: TJ Maxx
- Pueblo Color - Apparel: TJ Maxx
- Missoula Websites - Clothes: TJ Maxx
- Cedar City - Shopping: TJ Maxx
- Davis County - Home and Garden: Home Goods
- Davis County - Shopping: TJ Maxx and Marshalls
- Logan Utah - Apparel: TJX Companies
- Ogden, Utah - Clothes: TJ Maxx
- Provo Utah - Apparel: TJ Maxx
- Provo Utah - Home: Home Goods
- Saint George - Apparel: TJ Maxx
- Salt Lake Sites - Home: Home Goods
- Salt Lake Sites - Apparel: TJX Companies
- Vernal, Utah. US - Shopping: TJ Maxx
- Cheyenne, Wyoming. US - Apparel: TJ Maxx