Overview
- Six new stores will open across four states and Washington, D.C. this August, with Glen Allen, Virginia, opening Aug. 10; Clinton, Connecticut, on Aug. 21; Dickinson, North Dakota, and Saratoga Springs and Tooele, Utah, on Aug. 24; and the District of Columbia on Aug. 28.
- These openings underscore T.J. Maxx’s resilience as hundreds of store closures by chains like Rite Aid, Monro, Kohl’s and Macy’s reshape the retail sector this year.
- CEO Ernie Herrman said he expects the off-price model’s flexibility and resiliency to serve the company well in today’s macro environment.
- The new outlets support parent company TJX’s long-term ambition to grow its banners by at least 1,300 net new stores.
- In Q1 fiscal 2026, TJX posted a 5% increase in net sales and returned $1 billion to shareholders in May.