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3w ago

TJX Expands With Six New T.J. Maxx and Five Marshalls Stores This August

TJX’s August rollouts underscore the strength of its off-price model after CEO Ernie Herrman pledged to add at least 1,300 stores globally.

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TJ Maxx announces six new store openings in the U.S.
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Overview

  • T.J. Maxx will open six new outlets between Aug. 10 and Aug. 28 in Virginia, Connecticut, North Dakota, Utah and Washington, D.C., according to the company’s website.
  • Marshalls has opened one new location this month and plans five more in Oregon, Illinois, New Mexico and other markets by Aug. 21.
  • TJX Companies operates over 5,000 off-price stores across nine countries, including 1,330 T.J. Maxx and 1,234 Marshalls locations in the U.S.
  • CEO Ernie Herrman cited the flexibility and resiliency of the off-price format in May to support a growth target of 1,300 net new stores.
  • The expansion contrasts with hundreds of closures at traditional retailers this year by leveraging excess inventory to avoid tariff-related costs and maintain value pricing.