Bad News for Frugal Bargain Hunters TJ Maxx and Marshalls Are Closing Some Stores

June 2024 · 3 minute read

Attention all Maxxinistas and Marshalls fans, several places in major markets are closing and we are making an attempt not to panic. Here's what we know.

Source: Getty Images

Marshalls and TJ Maxx places are closing

The Gist:

There is not anything rather like strolling into a TJ Maxx, Marshalls, or similar. The vibe is always chaotic. Inevitably, there are a plethora of clothes items on the ground in more than a few locations. You can feel the power of someone who aggressively went through the racks, desperately looking for their measurement, too focused to care concerning the trail of garments left in their wake. "Just leave them," they say to their pal as though trapped in struggle and compelled to desert an injured fellow soldier.

To be transparent, these explicit buying groceries excursions are all the time a struggle because the stores are generally the final prevent for most retail pieces. Because of this, you don't seem to be more likely to find anything else in bulk. I like those places as a result of they do scratch that exact bargain-hunting itch. Unfortunately, a love of stores like those is not enough to sustain them, as TJ Maxx and Marshalls announced they are closing a number of places. Is your town at the listing? Here's what we all know.

Source: Unsplash

Why are TJ Maxx and Marshalls closing store locations? It's all about location, location, location.

According to Business Insider, TJ Maxx and Marshalls will likely be closing stores in New York and Chicago. Their dad or mum company, TJX Companies, is shuttering stores in Brooklyn, the Bronx, and Chicago while they re-evaluate actual property methods. Looks like no person is protected from insanely prime actual estate prices, not even our favourite frugal-focused stores.

A consultant from Marshalls instructed Bronx News 12 that the workers operating on the TJ Maxx at 503 Fulton Street in Downtown Brooklyn, and the Marshalls in the West Concourse group of the Bronx, had been introduced positions in close by stores. Both will officially close Jan. 6, 2024.

Over in Chicago, the South Loop TJ Maxx could also be closing Jan. 6, 2024, experiences Block Club Chicago. As of the time of this writing, we do not know if those workers had been additionally shifted to different places. TJ Maxx spokesperson Monica Crocetti told the outlet, "We are grateful for the loyalty of our Chicago customers and invite them to visit our nearby stores to continue to find great values."

Absolute banger found at tj maxx pic.twitter.com/TfJBOSbghE

— eras excursion veteran (@emilylikesbread) November 5, 2023

TJX Companies additionally close down the HomeGoods online shopping website.

Apart from TJ Maxx and Marshalls, TJX Companies also owns Winners, TK Maxx, Sierra, HomeSense, and HomeGoods whose online buying groceries website online was once close down through its mum or dad company, in keeping with Business Insider. In October 2023, an electronic mail despatched to HomeGoods shoppers introduced that after Oct. 21, 2023, online buying groceries at the preferred home furnishing shop would now not be an choice.

"We've made the decision to focus our resources on our brick-and-mortar stores," read the e-mail, while promising extra stores could be opening at some point. This change was once due to the fact that their e-commerce sales have been considerably smaller than their in-store gross sales. The e-commerce sit down was launched in September 2021, but could by no means get to the sales had to make it a viable monetary choice.

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