OnSite News

TJ Maxx, Marshalls, and HomeGoods stores have strong reopenings

May 27, 2020

Madeline Stone of Business Insider shared some very encouraging news on one of OnSite Retail Group’s clients, The TJX Companies, Inc. Stone wrote, “Shoppers were eager to return to TJ Maxx, Marshalls, and HomeGoods stores as they reopened this month, the retailers’ parent TJX Companies said in its first-quarter earnings release. In fact, the company said, sales at reopened stores were actually higher than they were during the same period last year.”

Stone quoted TJX’s President and CEO, Ernie Herrman. “Although it’s still early and the retail environment remains uncertain, we have been encouraged with the very strong sales we have seen with our initial reopenings,” Herrman said. “We believe this very strong start speaks to our compelling value proposition and the appeal of our treasure-hunt shopping experience, as well as pent-up demand.”

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