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Marshall's Store Chain

The Marshall's store chain is owned by The TJX Companies, which operates several retail chains nationwide. Marshall's, which was bought by TJX in 1995, is treated as a single operating unit along with TJ Maxx stores, the combined unit being known as Marmaxx.

Overall, The TJX Companies operate 1493 retail locations, of which 661 are TJ Maxx stores while 538 are Marshall's stores. While Marshalls is subsumed for operating and reporting purposes within the Marmaxx unit, Marshall's stores are thus effectively the secondlargest component of TJX in terms of locations, accounting for slightly more than a third of the parent firm's total retail outlets.

Strictly speaking, Marshall's is a department store rather than purely an apparel retailer. However, from observation the great majority of floor space at a typical Marshall's is given over to apparel. Moreover, other store offerings, such as bed linens, have a commonality with apparel as fashion items designed to support the buyer's personal style and image.

Clearly Marshall's is not competing in volume and range in these areas with, say, Bed Bath and Beyond. Rather, these departments may be viewed as supporting Marshall's overall personalstyle emphasis. Marshall's may thus be regarded as part of the fashion industry. Merchandise available in Marshall's is of worldwide origin; one source notes a purchase of $1.2 million worth of hand-crafted goods from Ghana in the late 1990s (AID, 1997).

In 2001, The TJX Companies posted net sales of $9.58 billion, representing nearly a 50 percent increase from 1997. Listed "income from continuing operations before extraordinary item and cumulative effect of accounting change" was $528 million, more than double the 1997 performance (TJX Companies, 2002, p. 17). The Marmaxx operating unit, comprising Marshall's and TJ Maxx, accounted for $8.3 billion in net sales for 2001, or about 87 percent of total volume for all TJX group...

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Marshall's Store Chain. (1969, December 31). In LotsofEssays.com. Retrieved 02:59, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1694965.html