Latest news with #T.J.Maxx
Miami Herald
3 days ago
- Business
- Miami Herald
Marshall's, T.J. Maxx CEO shares key news for #MarshallFinds fans
Marshalls and T.J. Maxx have semi-cult followings. The companies more or less created the treasure hunt model which drives customers to stores even when they don't need something. My wife and son will go to Marshalls simply to see if the local store has a good deal on a designer brand. They might go there with an idea in mind, like "I need a few more nice shirts," or "I could use a new dress for that event in a few months," but mostly they go as entertainment. Related: Is the United States economy bad right now? Invariably, even when they don't need something my son finds some Polo socks or a T-shirt from a brand too trendy for me to know of its existence. That's not unique to how my family shops at Marshalls, it's essentially the business model for all the brands under the TJX banner. Get people into its stores by offering an ever-changing selection of amazing deals. Don't miss the move: Subscribe to TheStreet's free daily newsletter It's a business model that has spawned a lot of knockoffs, none of which has quite captured the magic of the two TJX Companies (TJX) sister sister companies. Marshalls and T.J. Maxx drive foot traffic which seems to results in that invariably leads to sales even when people had no plans to buy anything. That has led to the #MarhsallsFinds hashtag where people share what they bough at what prices. Of course, for that to work, the company needs access to inventory. T.J. Maxx and Marshalls buy retail inventory other retailers can't sell. Sometimes that means getting high-end brands at discount prices when the original manufacturer makes too much or misjudges demand. The original seller would hurt sales of new merchandise if it offered massive sales right next to those items. Instead, those items get bought by TJX which generally can't advertise the brands it has (hence the viral hashtag. Struggling retailers and even whole chains going out of business creates opportunities for Marshalls and T.J. Maxx. That might mean buying lots from a chain that has closed or taking on an order a manufacturer might have otherwise been stuck with. TJX CEO Ernie Herrman is bullish about his company's positioning. "I'd like to start with a few comments on the current environment and the reasons for our continued confidence in our business. We have a very long track record of successfully navigating through many types of challenging economic and retail markets," he shared during the company's first-quarter earnings call. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers He believes that adversity has actually been a positive for the various TJX brands (which also includes HomeGoods). "Each time, we've emerged as an even stronger company with greater market share opportunities. We have a very experienced leadership team that has worked together for multiple decades. While we're not immune to tariff pressure, we are laser focused on our initiatives to offset them by remaining flexible and executing our opportunistic buying approach," he shared. Herrman explained why he thinks his brands are well-positioned. "First is the value proposition we offer to our customers. For us, value is a combination of brand, fashion, quality and price. Our customer surveys tell us that we have an excellent reputation as a value leader in each of our geographies," he said. He also believes that the current market should deliver customers to his stores. "As a trusted value retailer, we have historically attracted new shoppers to our stores in many different types of environments. Therefore, we are convinced that we will have an opportunity to gain market share if more consumers seek out value in the current environment," he added. Herrman also believes that TJX has a structural advantage over its rivals. "Our team of over 1,300 buyers source goods from an ever changing universe of over 21,000 vendors from more than 100 countries around the world. We have a global buying infrastructure and supply chain that has been in place for multiple decades," he added. Related: Chapter 11 bankruptcy, financial woes drag down 3 whiskey brands CFO John Klinger also gave some color on inventory and market opportunities. "Moving to inventory. Balance sheet inventory was up 15% and inventory on a per store basis was up 7% versus last year. We feel great about our inventory levels and have been taking advantage of the excellent deals we have been seeing in the marketplace. Availability of merchandise remains outstanding and we are set up very well to continue to flow fresh assortments to our stores and online," he shared. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Buzz Feed
08-07-2025
- Entertainment
- Buzz Feed
29 Thoughts I Had While Watching The First Ep Of "Secret Lives Of Mormon Wives"
🚨CONTENT WARNING🚨 If you've been on the internet lately, then I'm sure you've seen all the buzz around The Secret Lives of Mormon Wives. The second season recently concluded in the most dramatic reunion. So, to keep up with the masses, I decided to watch the first episode! To my shock and awe, it's not a sequel to The Secret Life of The American Teenager. Though, spoiler alert, they're not that far off from one another! Going into this journey, my knowledge of Mormonism didn't extend past The Real Housewives of Salt Lake City, The Book of Mormon and a soda shop called Sips. At the very least, whether I like the show or not, I'm excited to learn something new! And if that comes with drama, then so be it. (Spoiler alert: I learned nothing, but there was a lot of drama.) So, even though no one asked, here are all the thoughts I had while watching the first episode: Before we jump in, here's the synopsis that Hulu gives for The Secret Lives of Mormon Wives: "The scandalous world of a group of Mormon mom influencers implodes when they get caught in the midst of a swinging sex scandal that makes international headlines. Now, their sisterhood is shook to its core. Faith, friendship and reputations are all on the line. Will #MomTok be able to survive and continue to give the rulebook a run for its money, or will this group fall from grace?" Talk about starting off with a bang, am I right? The fact that "Unholy" by Sam Smith ft. Kim Petras is the first song we hear tells me all that I need to know about this series going forward. All I can say is that I AM LOCKED IN! Is this relegated Mormon-wear? Or did they just get a really good deal at T.J. Maxx? A child having a child... I'm not judging! But I am wary... So it appears that #MomTok was created by Taylor Frankie Paul and it was supposed to showcase a new generation of Mormon women. They danced, they cussed, they hooked up with each other's is the future, people! We're meeting our ladies — this season will feature: Whitney, Mikayla, Jen, Jessi, Layla, Demi, Mayci, and Taylor. I was hoping that they would each get their own intro a la Real Housewives, but alas, they did not. Looks like the OGs of #MomTok were Taylor, Whitney, Mayci, and Mikayla. Kinda sad that Taylor's life imploded after the swinging came to light and even more sad that she couldn't talk to her mom friends for MONTHS. However, I am confused as to why Taylor felt the need to share activities? Was there a leak? Or did she think that the world needed to know how she and her friends got down? Seems like not EVERYTHING needed to be shared on the internet, but that's just me. Been there also, let's unpack this! Taylor is talking about her new boyfriend Dakota who is a cutie, but also, comes with drama — allegedly, he was hooking up with other girls at the beginning of their relationship. Meanwhile, Taylor is going through her divorce and co-parenting with her ex ALL WHILE dealing with a public scandal. If there were ever a time to be single, now is it girl! More info: Taylor shared that she and her ex were getting divorced because, while swinging, she stepped out on their marriage in a way that wasn't agreed upon at the time. Like, kudos to Taylor for taking also, I don't think this needed to be said on TikTok one coulda stayed in the drafts, IMO. To be honest, I still don't quite know what #MomTok stood (or stands) for but get your bag, I guess! A wise man once said: "Do it lady!" Any community who will judge you for your past wrongs is not a community you wanna be in! A lil' harsh, Mama Liann. I do not kink shame. All God's children! The not-so-secret lives of Mormon wives. Based off of the conversation between the ladies, it seems like a lot of these couples either need to be in open relationships or not in relationships at all... This is Demi. She is 29. She and her husband, Bret, have been married for three years. He is 46. Do with that information what you will. So, not ONLY is Taylor hopping into a new relationship months after her divorce and in the middle of a scandal, the man she's now dating is a recovering addict AND THEN she drops THIS bombshell? Do condoms not exist in Utah? I'm not even 20 minutes in and we have several sex scandals (swinging AND cheating), a potential pregnancy, a recovering drug sound like the set up to a really bad joke. ^Live footage of me watching all these women younger than me living the lives they live. The prodigal Whitney returns! Whitney and her family moved to Hawaii to escape the backlash from Taylor and #MomTok, but now she's back and better than ever? (Spoiler alert: She was not, in fact, better than ever). I'm any of these women actually like each other? Like, regardless of the scandal, are they even friends? I also wanna know why! Normalize keeping things to yourself! I thought one of the pillars of Mormonism was abstaining from pre-/extra-marital sex and alcohol. Perchance, the Mormon church isn't the one for you? Taylor, girl, this is a bad take: You hurt a lot of people / aired out a lot of dirty laundry...a little remorse would be a good thing. I have to remember that all these women are, like, early-to-mid 20s. Their frontal lobes are still developing! On one hand, I get it. On the other hand, Kim, there are people that are dying. Earlier in the episode, some of the #MomTok ladies were discussing a potential cheating scandal between Whitney and her husband, Conner. Whitney immediately shut it down, but looks like there was some truth to those rumors! Soft swinging? Lying? Cheating? DIVORCE, BABES. DIVORCE! Whitney just revealed that Conner has been sexting girls he met on Tinder for their entire marriage... To the tune of "Hot To Go" by Chappell Roan: D-I-V-O-R-C-E! Put the cameras down and get every single one of these women in therapy, I swear to God. I am speechless. This is not the reaction you should have when your "best friend" tells you about her miscarriage: After Whitney shared that Conner's been sexting other women their entire marriage, this is her reaction to Taylor's news. RELAX, MY GUY! In that same breath, Dakota says that he cannot be with anyone who "parties." Taylor says she won't give up alcohol. I believe this is what we call an impasse. WHAT IS GOING ON????? A neighborhood called the cops because there was a domestic dispute between Taylor and Dakota. And just like that... Shock. And. Awe. Somehow, I think they have bigger problems than this: I am Team Therapist! Wow. OK. Talk about an emotional roller coaster, one that I'm unfortunately on because I am officially hooked. Do I want to be? No. Am I going to binge-watch Seasons 1 and 2 like it's my job? Absolutely. Watch The Secret Lives Of Mormon Wives on Hulu.
Business Insider
06-07-2025
- Business
- Business Insider
I visited T.J. Maxx's outdoorsy sibling Sierra, one of the fastest-growing brands in the retailer's family
Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. It's still relatively small, but TJX said the chain could grow to 325 locations. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. Shopping for outdoor lifestyle stuff is normally a quick way to burn a lot of cash. Whether at Dick's Sporting Goods or REI, well-made apparel and gear usually come at a premium price — even with the occasional coupon or sale. My consumer experience with activewear (and inactivewear), shoes, and other accessories led me to believe the relationship between quality and price was somewhat fixed. That was before I discovered Sierra. I gave my local store in Madison, Wisconsin, a look for the first time a few years ago. I've done plenty of shopping at Sierra's more widely known siblings, T.J. Maxx, Marshalls, and HomeGoods, and I never really felt the spark that keeps die-hard Maxxinistas coming back. Yes, the discounts at those stores seem large, but I'm not always able to tell if the price is actually a good value — especially if I don't recognize the brand. Scanning the racks at Sierra was a different story, however. These were brands that I knew and trusted, like Smartwool, Carhartt, and more. Each time I came back, I wondered why the Sierra brand wasn't more widely known relative to TJX's other brands and even other outdoor retailers. It turns out, the reason is pretty simple. The brand was, and still is, fairly small and a more recent addition to the TJX portfolio. Originally called Sierra Trading Post, the company started as a catalog company in 1986 in Reno, Nevada. It later moved to Wyoming and launched its e-commerce business in 1999. TJX acquired it for $200 million in 2012. The first TJX-owned stores were located in Denver, followed by its first East Coast location in Burlington, Vermont. In 2018, with a fleet of a few dozen stores, TJX relocated the company's headquarters to its main offices in Framingham, Massachusetts, and dropped the "Trading Post" from the name. The brand has since been on a growth spurt, on track to have 137 US locations by the end of this year. In the longer term, TJX said it expects the brand to have 325 locations, more than triple the number of stores it had a year ago. That gives Sierra the fastest growth rate of any brand in the TJX portfolio, though in fairness, T.J. Maxx and Marshalls have more than 2,500 US locations combined, so their growth is slower. Sierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per equity research platform AlphaSense. Out of the spotlight, Sierra has nevertheless been busy. Foot traffic data from found that customer visits doubled between 2019 and 2022, driven in part by a pandemic-era rush to spend more time outside. While some of that increase is a result of simply having more stores, visits per store were also up, said. In one of Sierra's rare mentions, TJX CEO Ernie Herrman characterized the store's assortment as "moderate to very high end " in 2022. My experience certainly supports his assessment. Some recent treasure-hunt finds include the pair of Fjällräven pants I got, the pair of Lodge cast iron enamel dutch ovens in my kitchen, and an ever-expanding collection of insulated drinkware from Yeti, Stanley, and Hydro Flask. High-quality items from known brands have also given me the confidence to try unfamiliar offerings from the store's assortment, and I am rarely disappointed. Hydrapeak's mugs may not have the current cultural cachet of Stanley's cups, but they do a solid job for a fraction of the price. Sierra's selection can be somewhat limited compared to a traditional retailer's, but I almost always find something worthwhile. I now make a point of checking Sierra before or after trips to REI and Dick's. Neither of those competitors is sleeping on Sierra, though. In addition to its Public Lands stores, Dick's has recently experimented with clearance stores like the Warehouse Sale and Going Going Gone. And the online REI Outlet offers deep discounts on many of the items the co-op carries in its stores. Still, Sierra has been in the game for a long time online, and its physical presence is expanding at a rate that could see it match REI's store count in just a few years. Another difference is that, unlike other national or regional outdoor lifestyle chains, Sierra's parent company is a powerhouse of off-price retailing. TJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category makes the small but mighty brand an exciting one to follow.
Business Insider
05-07-2025
- Entertainment
- Business Insider
Ghosts and ghouls are all over your favorite stores. It's time to embrace 'Summerween.'
Boo! You might see something spooky — spine-tingling, even — when you walk into a Home Goods or Walmart this week. And you might shriek in horror when you see ghosts and pumpkin decor on display. Summer has only just begun! How could they be stocking Halloween stuff when school barely just let out? Relax, it's Summerween! The fake shopping holiday for those who want to put out Halloween decor in July. This isn't the first Summerween, by the way — it's been around for a few years now. But it's growing: It appears to have started at the craft store Michael's, spread to T.J. Maxx/Marshalls/Home Goods. And now, this week, Walmart is adding "Summer Frights" decor to its stores. In fact, rapper Princess Nokia just released a new song, " Drop Dead Gorgeous," that has a lyric: "Summerween and I wanna get my spooky on." Summerween's origins appear to trace back to the cartoon show "Gravity Falls," where in a 2012 episode, the characters carved watermelons and went trick-or-treating. But there's another element afoot: some adults (and you probably know one) just freaking love Halloween. The Wall Street Journal reports: Like those who love the holidays, Halloween superfans have become their own subculture. They use phrases like "code orange" to alert others on social media when they come across fun themed merch. Retailers are using it to get a head start on fall, spurring people to buy their decorations now—a time of year when shopping enthusiasm is typically muted. Lowe's first "Halfway to Halloween" push came in April 2024, and the retailer repeated it this year, even adding a second wave of products in June. Target released some of its more popular Halloween items, like $5 decorative birds, in May and more is planned for later in the summer. Michaels had its earliest Halloween launch ever this June. By late July, the merchandise will completely take over the front of stores, said Melissa Mills, senior vice president of merchandising. I went to check out the selections in my local T.J. Maxx, Home Goods, and Walmart. I was particularly excited to see the Walmart offerings, since this is apparently the first time it has them. But my local store didn't have anything yet. (I did notice some open shelf space in the "Seasonal" section.) Over at T.J. Maxx and Home Goods, the Summerween selections were in full effect. There were pink candles with ghosts, dish towels, magenta velvet skeletons, painted driftwood candy corns, and framed art of ghosts and Mr. and Mrs. Frankenstein at the beach. Pink and purple were as prevalent as orange and black, which sets these Summerween items clearly apart from their October cousins. It was cute, not scary. For a moment, the thought crossed my mind to actually buy some of this — a fuzzy pastel candy corn caught my eye. I am not one of those Halloween enthusiasts, but I'm sure my kids would love celebrating Summerween. Halloween is one of the few non-denominational, non-political, purely fun holidays throughout the year — whynot double up on it? Is this all just an excuse to sell people more junk? Well, sure. But so what? Do you think Thanksgiving is "real," too? That Christmas isn't overly commercialized? Or that Mother's Day isn't just a racket by greeting card companies? Do you worry about the real meaning of Toyathon? Grow up. Open your eyes and your heart and embrace Summerween.
Yahoo
29-06-2025
- Business
- Yahoo
Why TJX (TJX) Outpaced the Stock Market Today
In the latest close session, TJX (TJX) was up +1.02% at $123.38. The stock's performance was ahead of the S&P 500's daily gain of 0.52%. Meanwhile, the Dow gained 1%, and the Nasdaq, a tech-heavy index, added 0.52%. Shares of the parent of T.J. Maxx, Marshalls and other stores have depreciated by 3.88% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 2.37%, and the S&P 500's gain of 5.95%. Analysts and investors alike will be keeping a close eye on the performance of TJX in its upcoming earnings disclosure. In that report, analysts expect TJX to post earnings of $1 per share. This would mark year-over-year growth of 4.17%. Meanwhile, our latest consensus estimate is calling for revenue of $14.08 billion, up 4.55% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.46 per share and revenue of $58.81 billion, indicating changes of +4.69% and +4.35%, respectively, compared to the previous year. Investors might also notice recent changes to analyst estimates for TJX. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, TJX boasts a Zacks Rank of #3 (Hold). From a valuation perspective, TJX is currently exchanging hands at a Forward P/E ratio of 27.37. This indicates a premium in contrast to its industry's Forward P/E of 20.99. Meanwhile, TJX's PEG ratio is currently 2.89. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 2.81 as of yesterday's close. The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 36% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
