TJ Maxx and Marshalls closing stores in Chicago. Here s where
In August, the company announced gains in its second-quarter performance, reporting an increase of 6% in store sales.
TJMaxx and Marshalls to close stores across US: see locations
TJMaxx and Marshalls will be closing locations across the country. Check out the full list here.
Brick-and-mortar retailers face a significant challenge due to the rise of online shopping. Retailers like TJ Maxx and Marshalls purchase products in bulk at a discounted price and then sell them at an affordable price. But as the merchandise keeps changing, and orders lead to different items being available in different stores, it becomes nearly impossible for them to create an online marketplace. This makes such retailers rely solely on their physical storefronts, and now, TJ Maxx and Marshalls have announced the closure of several locations across the US.
Already, a TJ Maxx location has closed in St. Paul, Minnesota, and several other closures will follow through early 2024. The company reported to Axios that the 55 workers affected by the closing had been offered positions at other locations in the city.
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TJ Maxx and Marshalls closing stores in Chicago. Here’s where
In a statement to NBC Chicago, TJX confirmed that two locations will close in January
By Alexandria Fisher • Published November 7, 2023 • Updated on November 7, 2023 at 12:56 pm
T.J. Maxx and Marshalls will both be closing stores in Chicago next year, according to parent company TJX.
In a statement to NBC Chicago, TJX confirmed that the T.J. Maxx store located at 1008 South Canal St. and the Marshalls location at 7507 North Clark St. will both close in January.
The closures are in addition to others announced in New York as well.
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The Chicago locations will close their doors on Jan. 6.
“We typically close or relocate a small number of stores each year,” the company said. “We have offered the approximately 100 Associates working at these locations positions at nearby stores.”
The company said it has already opened 31 T.J. Maxx and Marshalls stores so far this year and more are expected to open before the year ends.
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Already, there are more than 20 T.J. Maxx and Marshalls stores in the Chicago area.
“We are grateful for the loyalty of our Chicago customers and invite them to visit our nearby stores to continue to find great values,” TJX said.
In August, the company announced gains in its second-quarter performance, reporting an increase of 6% in store sales.
“The third quarter is off to a very strong start and we are seeing tremendous off-price buying opportunities in the marketplace,” Ernie Herrman, CEO and president of The TJX Companies, Inc., said in a statement. “We are in an outstanding position to continue shipping fresh and compelling merchandise to our stores and online throughout the fall and holiday selling seasons.”
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