TJ Maxx facts for kids
 |
|
.jpg)
TJ Maxx store in Upper East Side, Manhattan
|
|
| Subsidiary | |
| Industry | Retail |
| Genre | Department store |
| Founded | 1976 in Framingham, Massachusetts |
| Founder | Bernard Cammarata |
| Headquarters | Framingham, Massachusetts |
|
Number of locations
|
1,271 |
|
Areas served
|
United States |
|
Key people
|
Ernie Hermann (CEO) |
| Products | Clothing, footwear, accessories, jewelry, beauty products, bedding, bath, furniture, home decor, housewares, toys, and giftware |
| Parent | TJX Companies (1987–present) |
TJ Maxx (also known as T•J•maxx) is a popular American department store. It sells many different items at prices that are usually lower than other big stores. TJ Maxx has over 1,000 stores across the United States. This makes it one of the biggest clothing stores in the country.
TJ Maxx is the main brand of a larger company called TJX Companies. You can find clothes and shoes for men, women, and kids there. They also sell toys, beauty products, and things for your home. This includes furniture, decorations, kitchen items, and more.
TJ Maxx and Marshalls are sister stores. They are owned by the same company and are very similar. Both stores have similar prices and layouts. However, TJ Maxx often looks a bit more fancy. It also usually has a bigger selection of nice jewelry and accessories. Some of the busiest TJ Maxx stores even have a special section called "The Runway." This section sells high-end designer items.
The person in charge of TJX Companies, which owns TJ Maxx, is Ernie Herrman.
Contents
History of TJ Maxx Stores
.jpg)
TJ Maxx started in 1976 in Framingham, Massachusetts. It was created by Bernard Cammarata and a company called Zayre. Zayre was a chain of discount department stores. Zayre wanted to buy Marshalls, but they couldn't. So, they hired Bernard Cammarata, who used to be in charge of buying products for Marshalls. His job was to create a new store chain that could compete with Marshalls.
The idea for TJ Maxx was very successful. Because of this, Zayre sold its own stores in 1988. Then, in December of that year, Zayre changed its name to "TJX Companies, Incorporated." Later, in 1995, TJX Companies bought Marshalls.
In 1998, TJ Maxx opened another store chain called A.J. Wright. However, these stores were closed in 2007.
In 2009, TJX launched its online shopping website. At first, it only sold handbags. But later, they added more items. These included clothes, shoes, jewelry, other accessories, and some home goods.
Outside of North America, TJ Maxx is known by a different name: TK Maxx. The name was changed to avoid confusion with a British store called T. J. Hughes. The main office for TK Maxx in Europe is in Watford, England.
How TJ Maxx Compares to Other Stores
Business Insider magazine once called TJ Maxx "Macy's worst nightmare." This was in 2016. They said that TJ Maxx's sales were growing fast. This was a concern for traditional department stores that wanted people to pay full price.
Stores like TJ Maxx are called "off-price" retailers. They sell items at lower prices. This trend showed that people were changing how they shopped. TJ Maxx's total sales even grew to be more than Macy's.
The Economist magazine explained why TJX (the company that owns TJ Maxx) and Ross can sell things cheaper. They said that these companies spend less money on things like rent and staff compared to stores like Macy's or Nordstrom.
Fortune magazine also noted something special about TJ Maxx. They said that items move quickly in and out of the store. This creates a feeling that if you see something you like, it might not be there next week. This makes shoppers want to visit the stores more often. This quick turnover has helped these types of stores become very popular.
Computer Security Incident
In 2007, TJX Companies announced a big computer security problem. It started back in 2005. People who were not allowed to access the computers got into the system. They were able to get information about credit and debit card accounts. This included transactions from as far back as January 2003.
This event meant that over 100 million customers could have had their account information stolen. At that time, it was the largest security breach ever. TJX said that customers who used their cards between January 2003 and June 2004 at any TJ Maxx store were affected. The unauthorized access happened because special software was put onto the system through Wi-Fi in June 2005. This allowed access to customer information until January 2007.
Many TJX stores were affected by this. These included TJ Maxx, Marshalls, HomeGoods, A.J. Wright, and Bob's Stores in the United States. It also affected Winners and HomeSense stores in Canada. It might have also affected TK Maxx stores in the UK and Ireland.
In 2008, several people from different countries were charged in connection with this incident. In 2007, a security company estimated that TJ Maxx might lose a lot of money because of this. This was due to costs for checking credit and managing the problems from the breach.
The TJ Maxx Corporation was also sued by banks in Massachusetts and other states. In 2010, a person involved in stealing credit and debit card details from several companies, including TJ Maxx, was held responsible for their actions.
See also
In Spanish: T.J Maxx para niños
