Marshalls facts for kids
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| Subsidiary | |
| Industry | Retail |
| Founded | 1956 Beverly, Massachusetts, U.S. |
| Founders | Alfred Marshall Bernard Goldston Norman Barren Irving Blitt |
| Headquarters | Framingham, Massachusetts |
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Number of locations
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US: 1,130 (May 2, 2020); Canada: 100; Total: 1,230 |
| Products | Clothing, footwear, bedding, bath, furniture, home decor, jewelry, beauty products, toys, housewares, pet supply, and giftware. |
| Parent | Melville Corporation (1976–1995) TJX Companies (1995–present) |
Marshalls is a popular American store chain. It's known for selling clothes and home items at lower prices than regular stores. It's owned by a company called TJX Companies.
Marshalls has over 1,000 stores across the United States, in 49 states and Puerto Rico. They also have more than 60 stores in Canada. Some larger stores are called Marshalls Mega Store and include a HomeGoods section. Marshalls first opened stores in Canada in March 2011.
Marshalls is one of the biggest stores in the U.S. that sells clothes for families and home decor at great prices. It's like its sister store, TJ Maxx. Their fun slogans are Your Surprise Is Waiting and Never Boring, Always Surprising.
Contents
The Story of Marshalls
How Marshalls Started
Marshalls began in 1956. A businessman named Alfred Marshall teamed up with other business people. They wanted to create a new kind of store called "Brand Names For Less."
They opened their first self-service department store in Beverly, Massachusetts. This store sold clothes and home goods at low prices. It was a big success! Within ten years, Marshalls became the top off-price retail chain in the country.
During the 1970s, the economy was a bit tough. Marshalls helped shoppers by buying extra items from manufacturers. This allowed them to sell fashionable, high-quality items at prices 20% to 60% less than other department stores.
Joining Melville Corporation
In 1976, a company called Melville Corporation bought Marshalls. At that time, Marshalls had 36 stores in New England and California. The brand's sales grew a lot, reaching over $1 billion by 1982.
By April 1987, there were 261 Marshalls stores across the country. However, the company faced some challenges in the mid-1980s. They started selling lower-priced goods, which made them compete more with other discount stores instead of department stores.
Becoming Part of TJX
In 1995, TJX, the company that owns Marshalls' main competitor, TJ Maxx, bought Marshalls for $550 million. At that time, Marshalls had 496 stores.
Today, Marshalls and TJ Maxx are sister stores. They have similar prices and store layouts. Marshalls is known for having a bigger selection of shoes for families. It also has larger sections for men's and juniors' clothing.
Starting in 2005, Marshalls began adding special "Shoe MegaShop" sections to its stores. These sections offer a huge variety of shoes. In 2015, Marshalls opened its 1,000th store. In 2019, the company launched a website for online shopping.
During the COVID-19 pandemic in 2020, Marshalls temporarily closed all its stores and stopped online operations. However, they began reopening stores in May 2020 and were fully open by the end of June.
Helping Others
Marshalls works with many charities across the U.S. All the money they raise and donate helps children, families, and their communities. Some of the programs they support include:
- Domestic Violence Prevention
- Juvenile Diabetes Research Foundation (JDRF)
- National Youth Anti-Drug Campaign
- St. Jude Children's Research Hospital
- United Way
Marshalls in Canada
Marshalls opened its first stores in Canada in March 2011. As of November 2016, Marshalls Canada had 50 stores. They planned to open about 100 stores across the country.
See also
- H&M
- Ross Stores
