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TJ Maxx has thrived while other retailers struggle in an evolving shopping industry. We shopped there and saw why.
TJ Maxx, like many other off-price retailers, is thriving. It has benefited from a disappearing middle class and a love for discounted products.
Kohl's and Burlington are both well-loved stores, but when we shopped at both, we found one offered a much better experience.
We went shopping at TJ Maxx and Nordstrom Rack to see which was a better discount store, and the winner was clear
TJ Maxx and Nordstrom Rack both sell on-trend pieces at affordable prices, but which store does it best? We visited New York City locations of each to find out.
TJ Maxx started in the US in 1977, when its first two stores opened in Massachusetts. When the first of its stores opened in the UK, it changed its name to TK Maxx.
Macy's is going all in on off-price retail with its Backstage concept, but it doesn't seem to be putting a dent in TJ Maxx's sales.
We compared shopping at TJ Maxx and the new kind of store Macy’s launched to compete, and the winner was clear
Macy's, America's biggest department-store chain is doubling down on its off-price concept, Backstage. The retailer will bring this concept to 120 of its stores by the end of 2018.
The Marc Jacobs brand has started to take a turn, closing stores, laying off staff, and hiring and then almost immediately firing new designers. Jacobs said in an interview in 2017 that he felt out of touch with what consumers want.
Nordstrom is becoming more and more like a discount store. The company said it would be opening 12 new Nordstrom Rack stores this year.
TJ Maxx's success spells more trouble for Macy's.
TJ Maxx is getting the off-price business right, while Nordstrom and Macy's are desperately trying to salvage sales.