TK Maxx overtakes Topshop in UK despite Covid crisis (2024)

FAQs

TK Maxx overtakes Topshop in UK despite Covid crisis? ›

It has quietly outgrown Topshop to become the UK's sixth-largest fashion group. Now TK Maxx is hoping a glut of unsold clothing from rivals will further boost its fortunes.

In 1976, TJ Maxx was founded in Framingham, Massachusetts, United States, by Bernard Cammarata. The first international store opened in Bristol, UK, in 1994. The company modified the name to TK Maxx to avoid confusion with the established British retail chain T. J. Hughes (which is not affiliated with TJX).

TK Maxx and its subsidiary Homesense will be closing stores across the country over the next few weeks in a major blow to high streets. Both brands have stores in Reading. TK Maxx announced one of its UK locations would be closing because of landlord leasing issues, forcing the brand to close and relocate.

Our buyers are opportunistic and entrepreneurial. So when a designer overproduces, or other stores overbuy, we swoop in, negotiate the lowest possible price and pass the savings on.

Full list of stores shutting down. In 2023, TK Maxx have confirmed that three stores will be closing down - one TK Maxx store and two Homesense stores. Homesense is a popular subsidiary of the TK Maxx business which sells home furnishings, accessories and kitchen equipment.

Top apparel brands are moving away from discount chains such as TJ Maxx, Burlington and Ross amid supply chain pressures. Even before the pandemic, these brands were trying to move away from off-price companies because they are the least profitable outlets for brands.

When TJ Maxx opened in the UK in 1994, it changed its name to avoid being confused with the UK-based discount-department-store chain TJ Hughes. That retailer currently has 24 locations. Primark, a low-cost apparel store, also has a different name in the country where it originated.

Clothing Chains, Including J. Crew and T.J. Maxx, Are Closing Locations. Both retailers are shutting down stores in 2023.

TJ Maxx is the company's flagship chain in the US. That brand's known as TK Maxx in the UK.

Yes, you read that right, the biggest ever fashion hub. The whopping shop will open for business at 9:30am on June 13th 2019 and will be located on London's busiest retail strip, Oxford Street (160m East of Oxford Circus Underground Station).

What is the code 7 on TK Maxx? ›

“The main three codes are 'one, two, and seven'. 'One' means produced for TK Maxx, 'two' is 'close out buy' that is unsold from another brand, and 'seven' is 'packaway' which means it's been packed for a previous year, like Christmas crackers bought in January for the following year.” he added.

Channel 5) That means the item is "genuine excess stock" that was sold at a higher price somewhere else, so you've nabbed a good deal. Daniel adds: "The main three codes are one, two and seven. One means produced for TK Maxx.

A 'one' on the label means the product was “produced solely for TK Maxx”. Meanwhile, 'two' is described as “genuine unsold stock” and 'seven' means that the item “was packed away from a previous year.”

(NewsNation Now) — Bad news for bargain shoppers: Designer brands are expected to be pulled from discount chains like T.J. Maxx, Ross and Burlington due to global supply chain issues. Designers like Levi's, Under Armour, Ralph Lauren, Carter's and Steve Madden have decided to sell their clothing at full price.

TK Maxx is a subsidiary of the American apparel and home goods company TJX Companies.

Following their success, the company decided to open their first European store in Bristol in 1994. But they modified the name to TK Maxx to avoid "confusion with the established British retail chain T. J. Hughes (which is not affiliated with TJX)". You can find this story in My Bookmarks.

For more than five years, TJX knowingly sold, offered for sale, and distributed dangerous recalled products through its website and its retail stores. These sales were illegal and put hazardous products into the hands and homes of unsuspecting consumers.

TJX's competitors and similar companies include Target, Bath & Body Works, Ross Stores, Bed Bath & Beyond and Ascena Retail Group. TJX is an off-price apparel and home fashion retailer. Target is a general merchandise retailer.

Maxx is better known for designer items and jewelry, particularly with its The Runway collection, Marshalls carries more footwear and has an expanded men's department and a junior department known as The Cube. Meanwhile, Homesense tends to have a bigger selection than HomeGoods, according to Cosmopolitan.

Although exactly the same company, with the same logo, the store is called TJ Maxx in the US – and TK Maxx in Europe and Australia. The store is actually American, with more than 1,200 retailers across the country. It first opened its doors in 1977, and the first UK store was opened in 1994.

What is T.J. Maxx called in Britain? ›

Launched in 1994, T.K. Maxx introduced off-price retailing to the U.K. and Ireland and is the only brick-and-mortar, off-price apparel and home fashions retailer of significant size in Europe. T.K. Maxx expanded into Germany in 2007, Poland in 2009, and Austria and the Netherlands in 2015.

These chains have flexible buying models and are able to scoop up unwanted merchandise from suppliers at steep discounts to their initial wholesale price. Unlike brands and stores that lock in their inventory six months to a year in advance, TJX and other off-price chains buy surplus merchandise to sell it right away.

Makeup is seriously hit or miss at Marshalls and T.J. Maxx for a couple reasons. Since the products are the overstock inventory from distributors, you're likely to be shopping unpopular shades or products, meaning you're less likely to find something you want.

Stock Price Forecast

The 18 analysts offering 12-month price forecasts for TJX Companies Inc have a median target of 90.00, with a high estimate of 96.00 and a low estimate of 75.00. The median estimate represents a +13.39% increase from the last price of 79.37.

Maxx stores typically receive new merchandise shipments three to five days a week, but Wednesday is usually the day they mark everything down. Get there in the morning to ensure you'll have access to the most robust selection. If you've ever shopped at a T.J. Maxx, you know that not all of the price tags look the same.

We're part of TJX Europe, with over 500 stores across the UK, Ireland, Poland, Germany, Austria and the Netherlands. Our parent company, The TJX Companies, Inc., headquartered in the United States, trades in eight countries in over 3,300 stores.

T.J. Maxx opened in 1977 with two locations in Massachusetts (Auburn and Worcester), according to the TJX Companies website. Over the next 15 years, the store expanded through the U.S. and into Canada, and sprouted into sister brand HomeGoods.

2015. TJX acquires Trade Secret (rebranded to T.K. Maxx stores in 2017), an off-price retailer operating 35 stores in Australia. T.K.

Maxx reached the U.K. and Ireland, where it opened as T.K. Maxx.

The company sells fashion at substantially lower prices than department and specialty store regular prices. Because the company has an aggressive inventory management, assortments change quickly and customers have learned to buy what they like when they see it.

What state has the most TJ Maxx? ›

There are 1,304 TJ Maxx stores in the United States as of May 30, 2023. The state with the most number of TJ Maxx locations in the US is California, with 122 stores, which is about 9% of all TJ Maxx stores in the US.

We buy from all kinds of vendors, big names and designer labels, top brands, up-and-coming labels and vendors known for stylish fashion and one-off gems. We also have some merchandise manufactured so we can bring you exceptional fashion and quality at an amazing price.

What sets TK Maxx apart from other discount retailers is the way they procure their merchandise. Rather than buying excess inventory, they purchase directly from designers/retailers. The same is true for end-of-season fashion finds. This means they can sell items at up to 60% off the original retail price.

In a clip from the show, Daniel can be seen revealing that the number code used on TK Maxx price tags tracks where the items were sourced from. He explains that items marked with a number '2' are genuine pieces of stock from the original designer or brand.

Alex explains if you see the number 1 printed at the top of the price label, it means the item had been produced specifically for TK Maxx. If you see the number 2 typically on the second line from top - Alex reckoned it's genuine unsold stock from popular brands.

While Tk Maxx is known for not putting on sales, fans of the chain will know that their "clearance" offers basically amount to the same thing. These discounts and offers run all week long, but there are two special times of year that will see prices cut to as little as 30p.

Outside of North America, TJ Maxx is known as TK Maxx. The name was modified to avoid confusion with the British retail chain T. J. Hughes. The European headquarters are based in Watford, Hertfordshire.

Maxx. Items with white, blue or purple tags can also be further discounted with red or yellow pricing stickers — red indicating “clearance” pricing and yellow indicating “final clearance” or “final markdown.” Items with yellow tags will not be discounted any further, according to T.J.

TK Maxx reported a turnover of £2.1 billion, compared to £1.3 billion in 2021. Homesense revealed a turnover of £270.6 million, compared to £194.6 million in 2021. These increases were largely driven by fewer temporary store closures as a result of the pandemic.

MAXX (TJX) for SportsDirect's use of BRAND MAX. TJX owns trade marks for T.K MAXX and the familiar T.K. MAXX logo (see below). SportsDirect has launched BRAND MAX, a discount fashion business selling designer products in 18 physical stores and online at brandmax.com.

Why are name brand clothes cheaper at TJ Maxx? ›

Unlike brands and stores that lock in their inventory six months to a year in advance, TJX and other off-price chains buy surplus merchandise to sell it right away. They also capitalize on orders that have been canceled or when companies manufacture too many items.

According to the TJ Maxx website, the retailer sources inventory from “a wide variety of opportunities, which can include department store cancellations, a manufacturer making up too much product, or a closeout deal when a vendor wants to clear merchandise at the end of a season.” Discount stores, on the other hand, ...

TJ Maxx, Marshalls sold dangerous baby products after recall; parent company to pay $13 million fine. The parent company of TJ Maxx and Marshalls agreed to pay a fine of $13 million for selling recalled infant products that had been removed from the market due to risks of infant suffocation and death.

tkmaxx.com Audience Demographics

Audience composition can reveal a site's current market share across various audiences. tkmaxx.com's audience is 39.90% male and 60.10% female. The largest age group of visitors are 25 - 34 year olds (Desktop).

In a word: Nope! TJ Maxx is the flagship store of TJX Companies, the parent company of TJ Maxx, Marshalls, Sierra, and Home Goods. Burlington is not a subsidiary of TJX Companies.

The first international store opened in Bristol, UK, in 1994. The company modified the name to TK Maxx to avoid confusion with the established British retail chain T. J. Hughes (which is not affiliated with TJX). That brand's known as TK Maxx in the UK.

Items Purchased In Stores: You may return Merchandise purchased in-store to any open T.J. Maxx store within 30 days of purchase. Our return policies are always subject to local, state and federal restrictions.

Outside of North America, TJ Maxx is known as TK Maxx. The name was modified to avoid confusion with the British retail chain T. J. Hughes. The European headquarters are based in Watford, Hertfordshire.

Although exactly the same company, with the same logo, the store is called TJ Maxx in the US – and TK Maxx in Europe and Australia. The store is actually American, with more than 1,200 retailers across the country. It first opened its doors in 1977, and the first UK store was opened in 1994.

What is the US equivalent of TK Maxx? ›

TJ Maxx is the company's flagship chain in the US. That brand's known as TK Maxx in the UK.

TK Maxx is owned by TJX Companies, Inc., which is an American multinational off-price department store corporation. TJX Companies also owns other retail brands such as Marshalls, HomeGoods, and Sierra Trading Post.

In order to avoid confusion, T.J. Maxx became T.K. Maxx, which it remains across Europe today.

Unlike brands and stores that lock in their inventory six months to a year in advance, TJX and other off-price chains buy surplus merchandise to sell it right away. They also capitalize on orders that have been canceled or when companies manufacture too many items.

Unlike brands and stores that lock in their inventory six months to a year in advance, TJX and other off-price chains buy surplus merchandise to sell it right away. They also capitalize on orders that have been canceled or when companies manufacture too many items.

While T.J. Maxx is better known for designer items and jewelry, particularly with its The Runway collection, Marshalls carries more footwear and has an expanded men's department and a junior department known as The Cube.

Field Marshal (FM) has been the highest rank in the British Army since 1736. A five-star rank with NATO code OF-10, it is equivalent to an Admiral of the Fleet in the Royal Navy or a Marshal of the Royal Air Force in the Royal Air Force (RAF).

We operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com, marshalls.com, homegoods.com, and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K.

Marshalls plc is the UK's leading hard landscaping, building and roofing products supplier; we're proud to have supplied some of the most prestigious landmarks in the UK since the 1890s. Our divisions represent years of technical expertise and market-leading innovation, focusing on creating better spaces.