TK Maxx

Last updated

TK Maxx
Company type Subsidiary
Industry Retail
Founded1994;30 years ago (1994)
Founder Bernard Cammarata
Headquarters Watford, United Kingdom [1]
Number of locations
  • Europe: 596 (2 May 2020) [2]
  • Australia: 56 (2 May 2020) [2]
  • Total: 652 (2 May 2020)
Area served
ProductsClothing, footwear, bedding and domestics, furniture and giftware
Parent TJX Companies
Website www.tkmaxx.com

TK Maxx [lower-alpha 1] is a subsidiary of the American apparel and home goods company TJX Companies. Its first store opened in 1994 in the United Kingdom. The chain uses a different name from TJ Maxx stores in the United States to avoid confusion with the British retailer T. J. Hughes. TK Maxx now also operates in Australia, Ireland, Germany, Poland, Austria and the Netherlands. [3]

Contents

Stores

HomeSense and TK Maxx joint store in the MetroCentre, Gateshead TKMaxxHomesensemetro.jpg
HomeSense and TK Maxx joint store in the MetroCentre, Gateshead

TK Maxx has 596 stores in Europe and 56 in Australia as of May 2020. [2] The stores are sometimes combined with Homesense, another TJX International subsidiary specialising in homewares.

History

In 1976, TJ Maxx was founded in Framingham, Massachusetts, United States, by Bernard Cammarata. The first international store opened in Bristol, UK, in 1994. [4] The company modified the name to TK Maxx to avoid confusion with the unrelated British retail chain T. J. Hughes. [5] Opening of stores in the Netherlands between 1999 and 2001 was not as successful as the company wished.[ citation needed ] The first store in Germany opened on October 4, 2007, in Lübeck. [6]

In 2007, TK Maxx began winding down new store openings in the United Kingdom. Focus was given to revamping or relocating older inner city stores.[ citation needed ] The company opened larger "Maxx Maxx" stores to attempt to move from a budget reputation and become more like a department store. [7] In August 2008, TK Maxx opened a store on Kensington High Street, London, England, its first central London store, on a site formerly occupied by Habitat. [8]

In 2009, TK Maxx was denied permission by the Crown Estate to open a store in a unit on its land at Piccadilly Circus, London. In February that year, the company had signed a deal with the leaseholder of the unit, a 20,000-square-foot (1,858 m2) vacant site formerly used by Virgin Megastores, with a rent of £1.55 million per year. [9] The Crown Estate rejected TK Maxx, saying it did not fit its upmarket development strategy for the area. [10] In response, publicist Max Clifford and Look magazine launched a campaign in support of a TK Maxx store on the site. [11] A court appeal by TK Maxx against the decision failed. [12]

In March 2009, the TK Maxx e-commerce site was launched, initially selling only handbags, but later also selling other accessories. [13]

In October 2015, the first Dutch store opened in Eindhoven followed by more stores. In April 2017, the brand was launched in Australia, when it took over the thirty five Trade Secret discount department stores. The stores opened in April in Brisbane, Sydney and Melbourne with stores in Cairns, Townsville, Toowoomba, Canberra, Newcastle, Wollongong, Albury, the Sunshine Coast and the Gold Coast by the end of May. [14]

In November 2018, a mass brawl between hostile extended families took place at a TK Maxx outlet in Osnabrück, Germany, during Black Friday sales. [15]

In June 2023, the first store opened in Tasmania, Australia at Northgate Shopping Centre in Hobart. [16]

Charity support

United Kingdom

In 2007 and 2009, TK Maxx in the UK was the sole retailer of Red Nose Day T-shirts, sales of which generated £2 million in 2007 and £3 million in 2009 for Comic Relief. [17] [18]

TK Maxx has been a supporter of the Woodland Trust since 2004, when it held a Christmas card recycling scheme in conjunction with the Trust. [19] [20] From August 2008, TK Maxx introduced charges on plastic carrier bags and donated the proceeds to the Woodland Trust, which used the funds to plant 30,000 new trees on a 15-acre (60,703 m2) site near Elmstead Market, Essex. [21] This was before the 2015 phase-out of plastic bags in the UK, in which charges became mandatory and are now frequently donated to charity.[ citation needed ]

TK Maxx also runs a 'Give Up Clothes For Good' campaign, where customers are encouraged to bring in unwanted clothes for Cancer Research UK. [22]

Ireland

In Ireland, TK Maxx actively supports Enable Ireland, a charity which helps provide free services to children with disabilities. [23]

See also

Notes

  1. ↑ The name is sometimes punctuated as T.K. Maxx or T.K.Maxx, often stylized as T·k·maxx.

Related Research Articles

<span class="mw-page-title-main">Marshalls</span> American multinational discount department store chain owned by TJX Companies

Marshalls is an American chain of off-price department stores owned by TJX Companies. Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store, covering 49 states and Puerto Rico, and 61 stores in Canada. Marshalls first expanded into Canada in March 2011.

<span class="mw-page-title-main">MetroCentre (shopping centre)</span> Shopping centre in Gateshead, Tyne & Wear

Metrocentre is a shopping centre and entertainment complex in the Dunston area of Gateshead. It is located on the former site of Dunston Power Station, near to the River Tyne.

<span class="mw-page-title-main">Woolworths (United Kingdom)</span> British retail company (1909–2009)

Woolworths was a British high-street retail chain. At its height, it operated as Woolworths Group PLC, which included other companies such as the entertainment distributor Entertainment UK, and book and resource distributor Bertram Books.

<span class="mw-page-title-main">Zayre</span> Defunct discount retailer in the United States

Zayre was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters were in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain. In June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx, which still exists today. A number of stores retained the Zayre name until 1990, by which time all stores were either closed or converted into Ames stores.

<span class="mw-page-title-main">TJX Companies</span> American department store corporation

The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.

Winners Merchants International L.P is a chain of off-price Canadian department stores owned by TJX Companies. Its market niche is similar to the American store TJ Maxx, and it is a partnered retailer to department stores HomeSense and Marshalls.

In the Republic of Ireland, the retail sector provides one of the largest sources of employment in the economy, representing over 12% of the workforce. As of 2017, approximately 40,000 wholesale and retail businesses employed almost 280,000 people in Ireland, with the Department of Enterprise, Trade and Employment reporting that 90% of these businesses were Irish-owned.

<span class="mw-page-title-main">TJ Maxx</span> American discount department store chain owned by TJX Companies

TJ Maxx is an American department store chain, selling at prices generally lower than other major similar stores. It has more than 1,000 stores in the United States, making it one of the largest clothing retailers in the country. TJ Maxx is the flagship chain of the TJX Companies. It sells men's, women's and children's apparel and shoes, toys, bath and beauty products, accessories, jewelry, and home products ranging from furniture and decor to housewares and kitchen utensils.

AJWright was a chain of about 129 American retail/outlet stores established in 1998 and owned by TJX Companies. Like its sister company T.J. Maxx, AJWright sold clothing, domestics, giftware, footwear, accessories, and fragrances at prices between twenty and seventy percent below regular prices. AJWright differed from other TJX chains by refreshing its merchandise on a regular basis. For most stores, new shipments arrived every weekday. In early 2011, TJX closed the chain's remaining stores and converted some stores to other TJX brands.

<span class="mw-page-title-main">HomeGoods</span> American chain of home furnishing stores

HomeGoods is a chain of home furnishing stores headquartered in Framingham, Massachusetts. It was founded as a small chain in 1992 and grew to include hundreds of locations throughout the United States. HomeGoods sells furniture, linens, cooking products, art, and other home accessories.

<span class="mw-page-title-main">HomeSense</span> Canadian chain of discount home furnishing stores

HomeSense is a Canadian chain of discount home furnishing stores owned by TJX Companies. It originated in Canada in 2001, and was expanded to Europe in 2008 and the United States in 2017. Outside of the United States, the chain is comparable to the TJX-owned HomeGoods. Within the US, where HomeGoods already operates, it features more big ticket items than its sister store.

<span class="mw-page-title-main">Sierra (retailer)</span> American off-price retailer

Sierra Trading Post, Inc., doing business as Sierra, is an online and brick-and-mortar retailer of off-price merchandise operated by the TJX Companies. The Framingham, Massachusetts–based company offers products in categories such as outdoor recreation, fitness and adventure gear, and apparel, along with footwear, clothing, and home decor. Sierra sells merchandise through 78 retail stores as of November 2022 and a company website. It carries products from approximately 3,000 name-brand manufacturers.

The Maxx was a retail store operated by the TJX Companies. It was operated by T.J. Maxx, but they did not sell clothes or home furnishings.

<span class="mw-page-title-main">Bob's Stores</span> American retail store chain

Bob's Stores was a chain of retail stores in the northeastern United States owned by GoDigital Media Group. Founded as Bob's Surplus in Middletown, Connecticut, by Robert "Bob" Lapidus in 1954, the chain expanded gradually until it was acquired by Melville Corporation and has been reacquired five more times since then. The chain targets moderate-income customers with a selection of footwear, workwear, teamwear, and activewear.

<span class="mw-page-title-main">Letterkenny Retail Parks</span> Shopping facilities in Letterkenny, County Donegal, Ireland

Letterkenny Retail Park and Riverside Retail Park are retail parks on the Paddy Harte/Link Road in central Letterkenny, County Donegal.

Bentley Bridge Leisure Park is an extensive modern leisure/retail park located in the village of Wednesfield,Wolverhampton in the West Midlands. It has been developed since the late 1990s, to the south of Wednesfield town centre.

<span class="mw-page-title-main">Exchange Ilford</span> Shopping mall in Ilford, England

The Exchange Ilford is the main retail shopping mall of Ilford, east London. It was owned by The Mall Fund for a period of time but has been sold and changed its name to Exchange Ilford in late 2010 or early 2011. The Exchange is located on Ilford High Road in the town centre and opened on 6 September 1991.

<span class="mw-page-title-main">Off-price</span> Retail format based on discount pricing

Off-price is a trading format based on discount pricing. Off-price retailers are independent of manufacturers and buy large volumes of branded goods directly from them. The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to other stores which purchased an initial run. Among the largest retailers of this type are TJX Companies and Ross Stores. The model is more common in countries that import fashion-oriented or household goods, as the discount role in producer countries is usually filled by factory outlets or small-scale open-air marketplaces.

<span class="mw-page-title-main">Trade Secret (Australian company)</span> Australian discount store chain

Trade Secret was a chain of clothing, accessories and home furnishing stores operated by TJX Companies and had 35 stores across Australia by April 2017. The stores were located in Sydney, Melbourne, Brisbane, Canberra, Newcastle, Wollongong, Cairns, Townsville, Toowoomba, Albury, the Sunshine Coast and the Gold Coast. On 3 February 2017, they announced on their website that they would soon be rebranding all existing locations as T.K. Maxx and opening new locations across the east coast. As of 20 April 2017 the stores were operating as T.K. Maxx.

<span class="mw-page-title-main">Southpoint Shopping Centre</span> Shopping mall in Hillsdale, New South Wales

Southpoint Shopping Centre is a shopping centre in the suburb of Hillsdale in the Eastern Suburbs of Sydney, Australia, south-east of the CBD.

References

  1. ↑ "Contact Us Page - TK Maxx UK".
  2. 1 2 3 "The TJX Companies, Inc. FORM 10-Q".
  3. ↑ "T·k·maxx in Europe". Tjx.com. April 20, 2017. Retrieved May 20, 2017.
  4. ↑ Hoovers. "The TJX Companies, Inc". Answers.com. Retrieved June 25, 2007.
  5. ↑ Joachim Zentes; Dirk. Morschett; Hanna Schramm-Klein (2011). Strategic Retail Management: Text and International Cases. Gabler Verlag. ISBN   9783834967404.
  6. ↑ "T.K. Maxx". The TJX Companies. Retrieved March 13, 2024.
  7. ↑ "TK Maxx opens in the Hayes". Wales Online. May 24, 2007. Retrieved June 11, 2024.
  8. ↑ Donati, Marino (August 28, 2008). "Shoppers queue for Kensington TK Maxx". Drapers online. Retrieved September 11, 2009.
  9. ↑ Prynn, Jonathan (April 24, 2009). "TK Maxx 'not posh enough' for West End". Evening Standard . Retrieved March 13, 2024.
  10. ↑ Cooper, Ben (April 29, 2009). "TK Maxx 'not posh enough' for Piccadilly". Retail Week. Retrieved September 16, 2009.
  11. ↑ "Celebrities back TK Maxx over Piccadilly Circus store". Retail Week. May 1, 2009. Retrieved September 16, 2009.
  12. ↑ Duxbury, Nick (May 9, 2009). "TK Maxx Piccadilly store court case brought forward". Property Week. Retrieved September 16, 2009.
  13. ↑ Thompson, James (August 19, 2009). "Discount fashion: Taking it to the Maxx". The Independent. Retrieved September 11, 2009.
  14. ↑ Campbell, Leigh (April 11, 2017). "Retail Giant TK Maxx Is Launching In Australia". Huff Post.
  15. ↑ "Massenschlägerei am "Black Friday" bei TK Maxx: Großfamilien gehen aufeinander los". November 24, 2018.
  16. ↑ "TK Maxx opens first Tassie store in Glenorchy". Hobart Observer. June 16, 2023. Retrieved September 22, 2023.
  17. ↑ "Red Nose Day Partners". Comic Relief. June 25, 2007. Archived from the original on March 23, 2007. Retrieved June 25, 2007.
  18. ↑ "TK Maxx". Red Nose Day 09. Archived from the original on May 19, 2009. Retrieved September 16, 2009.
  19. ↑ Trust, Woodland. "Our Corporate Partners". Woodland Trust. Retrieved June 11, 2024.
  20. ↑ "TK Maxx and Woodland Trust working in partnership". Woodland Trust. Archived from the original on January 1, 2011. Retrieved September 16, 2009.
  21. ↑ Lake, Howard. "Woodland Trust to plant trees with funds from TK Maxx carrier bags". UK Fundraising. Retrieved March 13, 2024.
  22. ↑ "Give up Clothes for Good". TK Maxx. Retrieved March 13, 2024.
  23. ↑ Rob Le Boutillier. "Give up Clothes for good - Enable Ireland - TK Maxx Ireland". tkmaxx.ie.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.