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Why is TK Maxx so successful?

Updated: 9/20/2023
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Q: Why is TK Maxx so successful?
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Why are tk maxx so successful?

because they buy in clothes that do not meet the manufacturers standards for very cheap and people buy them because they are actually fine


Where does tk maxx get its stock?

TK Maxx is very good at sourcing its stock - which is why their business has become so large in the past 12 years or so. There are many different ways they receive their stock, however the typical ways are: 1) Each manufacturer produces items that they may regret and have trouble selling to distributors. TK Maxx may often approach such manufacturers and offer to purchase large quantities of this unpopular stock provided they also sell TK Maxx a range of the POPULAR stock as well - but at a reduced price. Since the manufacturer cannot sell the 'bad' stock to anyone else, they typically are happy to get rid of it whilst losing some revenue through the good stock TK Maxx wants. This is why in TK Maxx there are often very bizaare items that you have never seen anywhere else despite it being a designer label and so on. For many bizarre items, there are the good, popular items that were bought with them. This is mainly for clothing. 2) When a shop closes or produces too much stock, TK Maxx may buy the surplus stock. Ever seen BHS stock in a store with the label cut out? Since no other store could sell the stock with the previous store's logo and branding all over it, TK Maxx is a good choice to sell the stock to since they sell a huge range of brands anyway. Expect to see Woolworths branded items very soon in TK Maxx. 3) They get their stock the same place all the other retailers do. Because of their retail philosophy they can keep the prices low since they generally rent 'cheap' plots, pay low wages and make the stores as maintenance and problem free as possible.


Where are Domaine brand jeans sold?

T J Maxx


How did Adidas become so successful?

Adidas became and so successful because barney and bob the builder wore every shoe until they died.


How does internet marketing business got successful?

You need to define what you mean by success. For some people successful is the business making some money to help pay some of the bills. For others it is for the business to earn enough so that they can retire to a life of luxury. For others it is successful if it helps people. Most successful internet businesses pick one system and keep following it. They become expert in what they do.