TJ Maxx is an American department store chain, selling at prices generally lower than other major similar stores. It has more than 1,000 stores in the United States and Puerto Rico, making it one of the largest off-price retailers.
The company is a unit of the TJX Companies, which also owns HomeGoods, Sierra Trading Post and Marshalls. All these stores follow the same business model: buying large quantities of closeout merchandise from manufacturers at deeply discounted prices and selling it at a small markup.
This business model allows TJ Maxx to keep its prices low and still make a profit. It also means that the merchandise in its stores is always changing, which keeps shoppers coming back to see what’s new.
TJ Maxx is able to offer such low prices because it doesn’t spend money on advertising, fancy store displays or other extras that other retailers do. It also buys most of its merchandise directly from manufacturers, rather than through middlemen.
What is TJ Maxx’s business model?
TJ Maxx’s business model is based on buying closeout merchandise from manufacturers at deeply discounted prices and selling it at a small markup. This allows TJ Maxx to keep its prices low and still make a profit.
