Who are TK Maxx competitors?
- Stein Mart. 9,500. $1 Billion.
- T.J. Maxx. 13,600. $5 Billion.
- Forman Mills. 2,000. $422 Million.
- Ross Stores. 92,500. $16 Billion.
- Matalan Retail. 13,378. $1 Billion.
- Gordmans. 5,000. $649 Million.
- Factory Connection. 1,300. $274 Million.
- Cato. 10,350. $829 Million.
tkmaxx.com's top 5 competitors in June 2022 are: houseoffraser.co.uk, johnlewis.com, boots.com, argos.co.uk, and more.
TJ Maxx competitors include Marshalls, Home Goods, Ross Capital, Macy's and Saks Fifth Avenue.
DEMOGRAPHICS T. K. Maxx caters for all ages, male and female. Through analysing my primary research, I have found that their most popular age group were 18-24-year-olds; scoring 64% on my survey.
In 1976, TJ Maxx was founded in Framingham, Massachusetts, United States, by Bernard Cammarata. The first international store opened in Bristol, UK, in 1994. The company modified the name to TK Maxx to avoid confusion with the established British retail chain T. J. Hughes (which is not affiliated with TJX).
TK Maxx believes in creating a treasure hunt experience, so when shoppers find a bargain, they feel like they've earned it. New deliveries come in every day and stores receive an average of 10,000 new products a week.
It's one of the UK's most popular retailers, which isn't surprising as it claims to offer products for just 60% of the normal retail price.
Maxx and Marshalls belong to the same parent company: Massachusetts-based TJX, which also owns brands in Europe and Canada. T.J. Maxx was TJX's first "baby," launching in 1977, exactly 21 years after its then-competitor Marshalls had hung its shingle. But TJX was able to acquire Marshalls in 1995 (via New York Times).
At Home is a rapidly expanding big-box retail chain that specializes in home furnishings and decor. At Home rivals HomeGoods, a similar home decor chain owned by the same parent company that runs TJ Maxx and Marshalls.
A lot of the biggest Marshalls competitors are stores like Nordstrom Rack and Bloomingdales Outlet.
Why are TK Maxx clothes so cheap?
TK Maxx keeps its prices low by buying designer products that have been over-produced, or buying excess stock that has been purchased by another retailer at a low price. They can then pass this saving onto the end consumer – in other words, you!
The documentary-style programme went on to explain how 60 percent of items found in TK Maxx stores are legitimate close out stock, while 40 percent are made up of its various made to order contracts. However, that percentage may vary depending on what stocks the company's buyers can source.
TK Maxx has a relatively unique business model for the fashion sector – instead of ordering product well in advance, operating about two seasons a year, its buyers purchase stock throughout the year depending on the opportunities they come across.
The TJX Companies operates a number of department stores around the globe. TJ Maxx is the company's flagship chain in the US. That brand's known as TK Maxx in the UK. Insider visited a TJ Maxx in the US and a TK Maxx in the UK to compare the stores.
- TK Maxx will open its biggest UK fashion store on Oxford Street, London.
- The new store is set to open on June 13th, 2019.
Beloved by bargain hunters, TK Maxx snaps up mostly in-season fashions which department stores, brands and high-street chains have been unable to sell. That stock comes from 21,000 different sources around the world and is mainly excess production, cancelled orders or overstocks.
Smart but casual wear. All black, clean and presentable carrying a smile too.
The majority of TJ Maxx products aren't damaged or irregular. According to SheFinds, 95 percent of products sold at the retailer are in top-notch condition, with damaged or defective products making up only a reported 5 percent of all TJ Maxx inventory.
And in case you hadn't heard, we're part of the TK Maxx family – so if you love TK Maxx Home, you'll adore Homesense.
She said: "Everything in the shop gets reduced every six weeks. "And if it's there for 12 weeks, it'll be reduced again until final clearance [which is when] everything goes down to like 20p.
What was TJ Maxx called before?
1987-1989. In 1987, Zayre forms a new entity called The TJX Companies, Inc., with T.J. Maxx, Hit or Miss, and Chadwick's of Boston as the initial retail banners.
To avoid confusion, the US store decided to change its name to TK Maxx. Today, there are 590 TK Maxx stores across Europe and Australia, and they are all fully owned by TJX Companies. It isn't just TJ Maxx that's had to change its name to avoid confusion.
Other shoppers feel that they find cheaper prices at Marshalls. However, it all depends on what a person is shopping for. While both retailers share similar price structures and some crossover in merchandise does exist, they each have unique areas that are stronger than the other. T.J.
Defective Products
According to TJ Maxx, the large majority of its merchandise is department-store quality, with no damage or defects.
Tj maxx and Marshalls are very similar but Ross tends to carry items with a little less quality with lower prices. I find that things are slightly cheaper at Ross, but sometimes the quality is also lacking. I love Ross's shoe section because it is cheaper and they are still good shoes, whereas T.J.
“[TJ Maxx] purchases stock from manufacturers that make too much and department stores that overbuy, and it jumps on deals at the end of the season,” explains Business Insider.
Our buyers are opportunistic and entrepreneurial. So when a designer overproduces or other stores overbuy, we swoop in, negotiate the lowest possible price, and pass the savings on!
In 2019, the House of Commons' Fixing Fashion Report found that TK Maxx was was one of several companies rated as 'least engaged' in sustainable fashion and labour market initiatives according to Ethical Consumer.
Marshalls is one of the largest U.S. off-price family apparel and home fashion retailers, along with its sister company, TJ Maxx.
Marshalls competitors include Building Materials Holding Corporation, Target, Home Goods and Ross Capital. Marshalls ranks 1st in Customer Net Promoter Score on Comparably vs its competitors.
Where does Marshalls and TJ Maxx get their products?
According to the company, much of it comes down to the way TJ Maxx buys its merchandise. It purchases stock from manufacturers that make too much and department stores that overbuy, and it jumps on deals at the end of the season.
We buy from all kinds of vendors - big names and designer labels, top brands, up-and-coming labels and vendors known for stylish fashion and exciting gems. We also have some merchandise manufactured for us to bring you exceptional fashion and quality at an amazing price.
Maxx stores is if T.J. Maxx buyers source them from the brand's authorized stockists. Such purchases may come from Nordstrom, which stocks YSL, Fendi, Givenchy, and Dolce & Gabbana bags, among others from similarly situated brands.
Where Do The Clothes At Stores Like TJ Maxx Come From? - YouTube
TJX Companies has received a consensus rating of Buy. The company's average rating score is 2.72, and is based on 13 buy ratings, 5 hold ratings, and no sell ratings.
Our world-class buying organization of over 1,200 Associates is constantly focused on seeking the right categories, fashions, and brands, while also testing new ideas.
