TJX Canadian Push: The TJX Cos. Inc. said Tuesday that it will open its first Marshalls store in Canada in the spring as part of a six-unit rollout in the country next year. Like TJX’s Winners, HomeSense and StyleSense nameplates, the Marshalls stores will be managed by the company’s TJX Canada group. Carol Meyrowitz, president and chief executive officer of Framingham, Mass.-based TJX, said TJX Canada provides the company “our highest financial returns” and estimated the country could ultimately support 90 to 100 Marshalls units. No specific locations for the Marshalls stores were disclosed. In the U.S., Marshalls is part of the Marmaxx Group and operates 819 off-price units in 42 states and Puerto Rico. TJX entered the Canadian market through its 1990 acquisition of Winners, which has 208 stores in Canada. Last year, TJX’s sales rose 6.8 percent to $20.29 billion.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus