Whether you are looking to purchase a new pair of shoes or you need to spruce up your wardrobe, you’ll find what you’re looking for at Marshalls and TJ Maxx. Both are department stores that offer off-price department merchandise. These stores also offer a treasure hunting environment.
They’re o ff-price Department Stores
Despite its name, TJ Maxx is not a discount store. Rather, it is a chain of off-price department stores owned by The TJX Companies. There are more than 1,000 TJX stores throughout the United States and Canada. Aside from TJ Maxx, the company also owns the Marshalls and Sierra Trading Post brands.
Both of the off-price department stores offer the same types of clothing that you would find in a mainstream department store. The major difference is that the stores take a much smaller markup than a department store would, and the prices are often lower than you would find at other retailers. In other words, these stores are taking a piece of the market share from department stores, and they have been doing well so far.
The off-price stores purchase their inventory from a variety of sources, including manufacturer excess, store bankruptcies and cancellations, and reams of leftover fabrics. These items are then resold or donated, or they may be sold on clearance. Many vendors also make extra merchandise for off-price stores. These items may be of inferior quality to designer labels.
In addition to clothing, Marshalls and TJ Maxx carry a wide variety of shoes, including the Nike Air Jordans and popular footwear brands. They also carry a juniors department. The stores also have a dedicated footwear department for men. They also carry a variety of accessories, including handbags, jewelry, and shoes. They have purple sales tags, which indicate clothing items that were worn on the runway during Fashion Week.
The Marshalls and TJ Maxx stores carry similar types of merchandise, but they are more focused on women’s and men’s shoes and jewelry. They also carry a variety of designer items, including Christian Dior, which sells only through their company stores. These stores have been gaining a lot of ground over the last few years, and they are a great option for those seeking to find a good deal on designer items. They are also one of the few places that carry a large selection of women’s clothing in sizes large enough to fit a plus-size woman.
TJ Maxx and Marshalls are a good alternative to department stores because they carry a large selection of clothing items and accessories. They also carry popular shoe brands like Nike Air Jordans, and offer footwear for the entire family. They also carry a large variety of men’s shoes.
TJ Maxx sources its inventory from closeout deals, department store cancellations, and manufacturer excess. It also sources 10% of its products from independently owned private labels. The company has a history of 40 years in the business, and despite the recession, it has remained profitable. However, the company has been in legal trouble for inflating its “Comparable” pricing.
TJX and Marshalls both offer clothing for both women and men, and they also have a juniors department. They also have a selection of jewelry and shoes, including men’s boots and women’s pumps.
They’re More like Outlet Malls than Outlet Malls
Unlike traditional malls, outlet malls offer a variety of brands and merchandise. While many people associate the term “outlet” with cheap knockoffs, it is actually a highly strategic business segment. Outlets provide consumers with the opportunity to buy items at a discounted price, while also generating significant revenue for the owner of the mall.
Today, several large outlet malls are under construction in major cities. Outlet stores have been found to be a good business model, as they are less expensive to run and require fewer employees. They also signal to consumers that they are offering bargains, which is a great marketing tactic.
Outlets were initially designed as a way to clear out unsold merchandise. They also served as bargain hunting grounds. Some outlets would purchase stock directly from manufacturers. Merchandise was often sold at a discount, and the tags were often marked down to show that they were discounted. A good outlet will also sell items with multiple color schemes. A white tag would indicate a regular-priced item, while a blue tag would indicate a coordinating piece.
The “TJX” label indicates that an item was made specifically for TJ Maxx or another discount retailer. However, a great deal of the merchandise sold in outlet stores was also sold at regular retail stores. This was because some outlets used cheaper materials and sold items with less fashionable colors.
“Off-price” retailing became a bright spot during the Great Recession. These outlets offered consumers the chance to buy goods at a fraction of their normal price, and the consumer’s insatiable need for deals led to a proliferation of these types of establishments.
One of the first outlet malls was created in the 1970s. It was designed as a place to sell damaged and unsold merchandise. In the early days, the outlet stores were located in out of the way locations. Often, they were located an hour or two away from the largest metro areas. Many of these outlet stores were in unmarked strip malls.
Another notable outlet is Outnet, which sells a ton of designer clothing and accessories. They sort the prices low to high, and offer shoppers a wide selection of options for the discerning budget.
Another outlet is HomeGoods, which focuses on decor and furniture. They have a wide range of furniture, decor, and other products. They also offer a great deal on designer shoes.
The best outlet stores carry the most interesting merchandise. Some outlets carry the same items as full-price stores, but in smaller sizes. Some outlets also carry the newest designer labels. These are usually higher in quality, but at a lower price.
There are other outlets that are worth checking out, like Burlington, which boasts more than 2,100 stores in the U.S., and Nordstrom Rack, which is one quarter the size of a full-line store.
They Foster a “treasure-hunting” Environment
Despite the recession’s ill effects, the TJ Maxx empire has weathered the storm with flying colors. The latest financials spruced things up a bit, but the competition is still a fierce. With more than 2,000 stores in the U.S., Canada, and Australia, TJX is not a one trick pony. It’s also the country’s largest retailer with some stores open 24 hours a day. It also operates in most states with the exception of Alaska and Hawaii. TJX’s stock price is up more than 20 percent in the past few weeks. This is a positive sign for the company, especially given the recent uptick in the price of gas.
