On July 26, 2018, TJX Companies, the parent company of TJ Maxx and Marshalls, announced that it would be acquiring Sierra Trading Post, an off-price retailer specializing in outdoor gear and apparel. The move was seen as a way for TJX to further solidify its position in the off-price retail market, as well as to expand its reach into the growing outdoor gear and apparel market.
While the move was widely seen as a positive one for TJX, there was some speculation that it might mean the end of Marshalls. This was based on the fact that Sierra Trading Post is a direct competitor of Marshalls, and that TJX would likely look to streamline its operations by consolidating its off-price brands.
However, TJX has since quashed these rumors, stating that it has no plans to close Marshalls or any of its other brands. Rather, the company sees Sierra Trading Post as complementary to its existing portfolio of brands.
In conclusion, while there was some speculation that TJX might buy out Marshalls after acquiring Sierra Trading Post, the company has since stated that it has no plans to do so. Rather, it sees the two brands as complementary to each other.