There’s a lot of confusion out there about whether or not TJ Maxx owns Michaels. The short answer is no, TJ Maxx does not own Michaels.
However, the two companies are part of the same parent company, TJX Companies.
TJX Companies is an off-price retailer, which means that they sell items at a lower price than what you would find at a traditional retailer like Macy’s or Nordstrom. TJX Companies owns a number of different retailers, including TJ Maxx, Marshalls, HomeGoods, and Sierra Trading Post. Michaels is not one of their brands.
So why do people think that TJ Maxx owns Michaels? It could be because both stores sell similar products, like home decor, crafts, and framing. Or it could be because both stores are often located near each other in strip malls and shopping centers.
Whatever the reason, the rumor is false. TJ Maxx and Michaels are two separate companies that just happen to be part of the same parent company.
The rumor that TJ Maxx owns Michaels is false.