TJ Maxx is a chain of off-price department stores in the United States, founded in 1976. The company is a division of TJX Companies, which also owns HomeGoods, Sierra Trading Post and Marshalls. TJ Maxx has over 1,000 stores in the United States and Canada, making it one of the largest off-price retailers in the world.
On January 17, 2020, it was announced that TJ Maxx would be closing all of its stores in Canada. The company cited poor performance as the reason for the closure.
All store locations will be closed by April 2020.
The news of TJ Maxx’s closure came as a surprise to many Canadians, as the company had been operating in the country for over 20 years. Some experts believe that the company’s decision to close its Canadian stores is due to the competitive nature of the retail market in Canada. Others believe that the company was struggling to keep up with its competitors, such as Walmart and Target.
Whatever the reason for TJ Maxx’s decision to close its Canadian stores, it is sure to have a significant impact on the retail landscape in Canada. The closure of such a large retailer will no doubt lead to job losses and cause inconvenience for many shoppers who relied on TJ Maxx for their shopping needs.
Why is TJ Maxx closing?
There are many theories as to why TJ Maxx is closing all of its stores in Canada. Some experts believe that the company’s decision is due to the competitive nature of the retail market in Canada.
Others believe that the company was struggling to keep up with its competitors, such as Walmart and Target. Whatever the reason for TJ Maxx’s decision, it is sure to have a significant impact on the retail landscape in Canada.
