Here's how TJ Maxx keeps its prices so cheap. TJ Maxx's buyers search year-round for products. TJ Maxx gets its inventory from a few different sources, including boutique labels, designer brands, and up-and-coming labels. TJ Maxx also has merchandise manufactured exclusively for its stores, which saves the company money and allows it to pass those savings along to shoppers. When manufacturers overproduce items, TJ Maxx takes advantage and negotiates to get lower prices for the excess inventory.
It does the same when department stores overbuy. The diversity in TJ Maxx's buying methods helps the retailer pass savings on to customers. It buys orders that department stores canceled Many of the designer products it sells are from past seasons, so they can be bought and sold for less.
Maxx, Marshalls and Home Goods, has quietly grown to be larger than almost every department-store and specialty-retail chain in the U. Penney, Sears, Kmart, Nordstrom and Gap. TJX has benefited perhaps more than any other retailer since the recession as consumers have become more value-conscious and aggressive about finding unique products amid the rise of fast-fashion. Maxx and Marshalls, which number more than 2, stores in the U.
In fact, T. Ross, the largest off-price retailer in the US, has 1, locations in 38 states. Ross has been hailed as a "retail treasure" by analysts, but our first impression wasn't great.
The store was split into two sections: women's apparel on one side, and men's, kids, and homewares on the other. Ross Stores has a tighter handle on inventory levels than department stores, meaning fewer markdowns and new items hitting stores more frequently. Analysts consider off-price retailers to be Amazon-proof, as it's hard to replicate the bargain-hunt shopping experience online. As the emphasis here is on the bargain, there is less of a focus on the actual shopping experience.
In some areas of the store, the racks were bare But ultimately, it was very cheap. The store layout was strange. There were snacks in bins next to women's clothes The other half of the store was devoted to men's, kid's, and homeware. Children's clothing was divided into styles, such as sets, dresses, and trousers.
The most impressive part of the store was its shoe collection for men, women, and kids. In the shoe section, we found that brands were often clustered together. Some of the more expensive items were boxed up. Almost half of the store was dedicated to homewares and furniture. This was a more organized department. There was a ton of kitchenware Ross proudly reminds its shoppers that this is a "treasure hunt.
TJ Maxx instantly set a different tone. The front of the store had a department-store-style layout with a curated selection of seasonal clothing. Corporate solution including all features. Statistics on " Williams-Sonoma " The most important statistics. The most important statistics. Further related statistics. TJX Companies: global profit FY FY, by business segment TJX Companies: global net income FY FY Perry Ellis International number of retail stores worldwide as of , by store type Mobile World Investment's number of stores Amount of Crocs' stores worldwide in , by format Mobile World Investment's number of stores , by product category Main shopping centers in Lille according to the number of stores Number of food retail businesses per 10, inhabitants in France Difference in number of retail stores in U.
Further Content: You might find this interesting as well. Statistics TJX Companies: global profit FY FY, by business segment TJX Companies: global net income FY FY Perry Ellis International number of retail stores worldwide as of , by store type Mobile World Investment's number of stores Amount of Crocs' stores worldwide in , by format Mobile World Investment's number of stores , by product category Main shopping centers in Lille according to the number of stores Number of food retail businesses per 10, inhabitants in France Difference in number of retail stores in U.
Topics Williams-Sonoma U. Learn more about how Statista can support your business. TJX Companies. March 31, In Statista. Accessed November 12, Number of stores of the TJX Companies worldwide in fiscal year , by brand.
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