Miscellaneous » Unclassified. I'm struggling with a phrase, please help? The brand is more upmarket than its Canadian namesake. When Zayre sold their own nameplate to … Maxx, was founded in the United Kingdom, and then expanded into Ireland. [24], On August 19, 2020, TJX Companies continue to deal with the COVID-19 pandemic's effect on its business. [9] The next year, in 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain. [15] In October, Ernie Herrman was named CEO of the company, replacing Carol Meyrowitz.

[2] TJMaxx is the flagship chain of the TJX Companies. By the end of March 2007, the number of affected customers had reached 45.7 million[20] and has prompted credit bureaus to seek legislation requiring retailers to be responsible for compromised customer information saved in their systems. Lv 6. Zayre had tried but failed to purchase Marshalls, so it hired Cammarata, who had been Marshalls' head of merchandising, to create a rival chain. [8], Stanley Feldberg was one of the 1956 founders of Zayre Corp.

The breach was possible due to a non-secure wireless network in one of the stores. Why would you name a company something that means nothing? The deal was completed in December. [9], In April 2008, TJX launched the HomeSense brand in the UK, with six stores opening throughout May. ...Show more. Wright, in 1998 in the eastern U.S. [9] TJX's expansion beyond North America came in 1994, when the fourth brand division, T.K. "[10] As off-price retailers are becoming an increasing threat to traditional department stores,[11] signaling a change in consumer buying habits,[12] TJ Maxx's revenue grew to surpass that of Macy's. What does TJ Maxx stand for? In the UK, TJ Maxx is known as TK Maxx (same in Poland), a name modified to avoid confusion with British retail chain T. J. Hughes. 85 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. TJMaxx is the flagship chain of the TJX Companies. [25], Companies with an global retail sales of over US$25 billion, "TJX Chairman, Founder Bernard Cammarata to Retire", "The TJX Companies, Inc. In addition to credit card numbers, personal information such as social security numbers and driver's license numbers from 451,000 customers were downloaded by the intruders. [21], Eleven men have been charged in the theft, and one (Damon Patrick Toey) has pleaded guilty to numerous charges related to the breach.

The company reached 141st position in the 2004 Fortune 500 rankings, with almost $15 billion in revenue. Maxx to avoid "confusion with the established British retail chain TJ Hughes (which is not affiliated with TJX)".

Lv 5. T.J. Maxx Gives Away $1,000 Gift Cards Every Month. Wright Stores, Cut 4,400 Jobs", "TJX acquires Australian retailer Trade Secret - The Boston Globe", "Meet Ernie Herrman, the new CEO of T.J. Maxx-parent TJX Cos", "TJX buys $225M stake in Russian discount retailer", "THE TJX COMPANIES, INC. There are over 4,557 discount stores in the TJX portfolio located in nine countries. Rate it: The CEO of TJX companies is Ernie Herrman. [22] One man, Jonathan James, professed his innocence and later committed suicide, apparently out of the belief that he was going to be indicted. Wright Division for Future Growth", "Discount fashion: Taking it to the Maxx", "Macy's takes on T.J. Maxx with new, smaller discount stores", "Why "off-price" shops are trouncing department stores", "T.J. Maxx Demolished Macy's During the Holidays", "T.J. Maxx data theft worse than first reported", "Privacy Rights Clearinghouse - Data Breaches", "5 of the biggest-ever credit card hacks", "Millions are caught in great credit card heist", "Wi-Fi hack caused TJ Maxx security breach", "TJ Maxx owner: 45.7m accounts were compromised", "T.J. Maxx data breach costs could hit £800m", "T.J.Maxx hacker sentenced to 20 years in prison", https://en.wikipedia.org/w/index.php?title=TJ_Maxx&oldid=987627097, Companies based in Framingham, Massachusetts, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License. Still have questions?

[9] In mid-2003, TJX acquired an eighth brand division, Bob's Stores, concentrated in New England. [9], In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand. TJX Companies reported a second-quarter loss of $214 million.

The breach continued until January 2007.[21].

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.

TJX International: consists of 732 stores under TK Maxx (597 stores), HomeSense (78 stores) and TK Maxx Australia (57 stores). The UK stores are called TKmaxx instead of TJmaxx (the US stores… It sells men's, women's and children's apparel and shoes, toys, bath and beauty, accessories, and home products ranging from furniture to kitchen utensils.

HomeGoods: consists of 852 stores under HomeGoods (818 stores) and HomeSense (34 stores). [7], In March 2009, its e-commerce site was launched; at first only selling handbags, the range later expanded to include clothing, shoes, jewelry, other accessories, and some home goods.[8]. [18] The hackers accessed a system that stores data on credit card, debit card, check, and merchandise return transactions. [16], In November 2019, TJX purchased a 25% stake in Russian retailer Familia.[17]. There's no way "TJ" doesn't stand for anything. [9] The company's seventh brand division, HomeSense, formed in 2001, was a Canadian brand modeled after the existing US brand, HomeGoods.

[7] TJX ranked No. [23], The alleged ringleader Albert Gonzalez was indicted in August 2009 with attacking Heartland Payment Systems in which 130 million records were compromised. When sacking groceries, what does the sticker seen on the turnstyle that says "remember 'byob' or 'remember bob' mean.

[9][10] The following year, TJX Companies Inc. was added to the Standard & Poor's S&P 500 Composite Index, which consists of 500 of the largest companies in the United States.

On January 17, 2007, TJX announced that it was the victim of an unauthorized computer systems intrusion. In March 2010, computer hacker Albert Gonzalez was sentenced to 20 years in federal prison after confessing to stealing credit and debit card details from a number of companies, including TJ Maxx.

The brand went national in 2004 when it opened its first stores in California on the west coast. Some higher-volume stores have a high-end designer department called The Runway. [14], In July 2015, TJX acquired the Trade Secret and Home Secret off-price retail businesses from Australian company Gazal Corporation Limited.

Later that year, in August, TJX sold Bob's Stores to Versa Capital Management and Crystal Capital. It sells men's, women's and children's apparel and shoes, toys, bath and beauty, accessories, and home products ranging from furniture to kitchen utensils.

TJ Maxx[a] is an American department store chain, selling at prices generally lower than other major similar stores. [3], TJ Maxx was founded in 1976 in Framingham, Massachusetts by Bernard Cammarata and the Zayre chain of discount department stores. 5. 1 decade ago. Rest of the world moves on as Trump won't concede, Georgia audit to trigger hand recount of presidential vote, Britney Spears will not perform again due to legal setback, Fox News host shuts down Graham's money plea, Jason Momoa: We were starving after 'GOT', Student debt cancellation in focus amid Biden transition, Ex-cop in Breonna Taylor case accused of sex assault, 'I'm not going to say that': Tebow wouldn't call this play, New 'Bachelorette' suitor tests positive for coronavirus, Pa. GOP plans 'extraordinary measures' to probe votes, CDC chief's handling of COVID-19 leaves agency in the balance. Miscellaneous » Journals. [19] Details were stolen by hackers installing software via wi-fi[20] in June 2005, that allowed them to access personal information on customers. [9] TJX began to test the side-by-side superstore model in the United States in 2004, combining some of each of the two Marmaxx brand stores with HomeGoods. Rate it: TJX: Technical Journal of Xerography. [16] He took over in January 2016. TJX's revenue in 2003 reached over $13 billion. Shop bedroom at TJMaxx.com. Marmaxx: consists of 2,451 stores under TJ Maxx (1,271 stores), Marshalls (1,134 stores) and Sierra (46 stores). [6] It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989. [18] According to the company, this affected customers who used their card between January 2003 and June 2004 at any branch of TJ Maxx. That year was also marked by the death of retired Zayre founder Stanley Feldberg.

TJX Canada: consists of 522 stores under Winners (279 stores), HomeSense (141 stores) and Marshalls (102 stores). TJ Maxx is an American department store chain, selling at prices generally lower than other major similar stores. Wright stores would be closed, cutting about 4,400 jobs, and that more than half of them would reopen under other company brands. [16] This exposed more than 100 million[17] customers to potential theft from their accounts.

Miscellaneous » Unclassified. The company modified the name to T.K. With so many stores … Jay. T.J.Maxx and Marshalls later became consolidated as two brands under a single division, The Marmaxx Group. When Zayre sold their own nameplate to Ames, a rival discount department store, Zayre was renamed as "TJX Companies, Incorporated". Following Zayre’s reorganization in 1989, TJX becomes the successor company with Ben Cammarata serving as Chief Executive Officer and President. In 1976 TJ Maxx was founded in Framingham, Massachusetts by Bernard Cammarata, as a nameplate of the Zayre chain of discount department stores. The superstores feature open passageways between them, with dual branding. TJ Maxx and Marshalls operate as sister stores, and share a similar footprint throughout the country. Announces CEO Succession Plans; Carol Meyrowitz to Be Named CEO", "Fortune 500 Companies 2018: Who Made the List", "TJX Will Buy Marshalls Chain From Melville", https://nypost.com/1999/01/06/hit-or-miss-gets-new-owner/, "TJX Sells Bob's Stores Chain To Versa Capital, Crystal Capital, Terms Undisclosed", "TJX Plans to Close A.J. As of 2019[update], TJX operates its flagship brand, TJ Maxx (in the United States) and TK Maxx (in Europe), Marshalls, HomeGoods, HomeSense, Sierra in the United States, and HomeSense, Marshalls, Winners in Canada.

[9], In 2002, TJX revenue reached almost $12 billion. In a later article Schlossberg also reported on how TJ Maxx's soaring sales "should be concerning for ailing department stores that are fighting to get people to pay full price. Join Yahoo Answers and get 100 points today. The first European store opened in Bristol in 1994.

[5] In December, Zayre announced a restructuring plan for the company and was renamed as "TJX Companies, Incorporated". This page was last edited on 25 October 2020, at 16:29. Business Insider described TJ Maxx as "Macy's worst nightmare" in an oft-quoted 2016 article[9] by Mallory Schlossberg. If a word has 2 definitions, how do you know which one the author or person intended? [4], In the fall of 1998, TJ Maxx opened the store chain AJ Wright.


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