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| Type | Subsidiary of TJX Companies |
|---|---|
| Founded | 1976 |
| Headquarters | Framingham, Massachusetts |
| Industry | Retail |
| Products | Clothing, Ladies footwear, bedding & domestics, furniture & giftware |
| Website | http://www.tjmaxx.com/ |
T.J. Maxx (sometimes referred to as TJ's or TJ) is a chain of American department stores owned by TJX Companies. It is the largest off-price apparel retailer in the United States offering brand name clothing, ladies footwear, bedding and domestics, furniture and giftware, jewelry, beauty products, handbags, and housewares. All merchandise is claimed to be at least 20 - 60% below regular department and specialty store prices.[1] The company operated 847 stores at the end of 2007. The average size of a T.J. Maxx store is 30,000 square feet (2,800 m2).[1]
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History
In 1976, T.J. Maxx was founded in Framingham, Massachusetts, by Taras Sokil as a nameplate of the Zayre discount department store chain. When Zayre sold their own nameplate to Ames, a rival discount department store, Zayre was renamed as "TJX Companies, Incorporated"
T.J. Maxx also operates in the United Kingdom, Republic of Ireland, and Germany under the name "T.K. Maxx". The first store opened in 1994 in Bristol. Between 1999 and 2001 T.K. Maxx had three stores in The Netherlands but those locations were unsuccessful and were closed.
On March 31, 2008, T.J. Maxx launched the What's In community. This site allows users to send and receive alerts via email or text message when their favorite brands are spotted in their local T.J. Maxx stores. Users can also post pictures and create polls featuring their latest fashion finds.
Data theft
- See detailed article International credit card data theft
In 2007, the company disclosed a computer security breach dating to 2005. Hackers gained access to information on more than 45 million credit and debit card accounts for transactions since January 2003.[2] The T.J Maxx Corporation was hit with a lawsuit by the Massachusetts Bankers Association and co-plaintiffs including Maine and Connecticut Associated Banks for the data theft. The security breach is the largest customer data breach on record. As a class-action lawsuit the company was sued for tens of millions of dollars.[citation needed]
Charity work
Every year, T.J. Maxx supports the Save the Children campaign and each store adopts a child to help support. In 2005, they raised over $1.25 million. The “Happy Hearts” initiative launched in 2000 has raised over $4.3 million to support U.S. children and families in need.[citation needed]
References
- ^ a b http://www.tjx.com/businesses_tjmaxx.asp
- ^ "T.J. Maxx data theft worse than first reported". msnbc.com. 2007-03-29. http://www.msnbc.msn.com/id/17853440/. Retrieved 2009-02-16.
See also
External links
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