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2h ago

T.J. Maxx to Shut Newbury Street Flagship in Early 2026, 117 Jobs Affected

TJX says a real estate review drove the move despite stronger-than-planned quarterly results.

People walk past a TJ Maxx store in Boston.
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Overview

  • A state WARN filing confirms the 360 Newbury St. store will close by January 3, 2026, with 117 layoffs effective January 5.
  • The closure is permanent and involves a three-story, 45,000-square-foot site that opened in 2016 at Newbury and Massachusetts Avenue.
  • TJX said affected employees may transfer to other locations, and the workers at this store are not represented by a union.
  • The company emphasized Boston remains a key market and directed customers to nearby TJ Maxx stores in Downtown Crossing, South Bay Center, and Cambridge.
  • The notice comes after TJX reported that sales, pretax profit margin, and earnings per share exceeded its plan last quarter, according to CEO Ernie Herrman.