TJ Maxx, Ross will benefit from retailers going bankrupt: Retail watcher . Get news and analysis on politics, policy, national security and more, delivered right to your inbox. Off-price retailers such as T.J. Maxx have found the economics of e-commerce unattractive, but they risk losing more sales should another lockdown occur. Amazing savings on brand-name clothing, shoes, home decor, handbags & more that fit your style. 26 reviews of TJ Maxx "This location is easily accessible from 75 or 635. (Source: AP Photo/Charles Krupa) By Ed Payne | May 29, 2020 at 12:43 PM CDT - Updated May 29 at 12:43 PM (Gray News) – The owner of TJ Maxx… Penney filed for bankruptcy protection in mid-May and informed federal regulators it would permanently close 242 of its stores: 192 in 2020 and another 50 next year. In photos posted on twitter, a TJ Maxx store in Arkansas appeared to be … It's no secret that this lingerie retailer has been having problems in recent years as many women have decided the chain isn't relevant anymore and isn't inclusive enough. Pier 1 Imports decided to throw in the towel — and the scented candle, the silk pillow, the papasan chair and every other item this home furnishings retailer has been known for. In fact, Times Square has had two Modell's just one block from each another. Hot Topic: All stores are closed from March 17 through March 30, 2020. The year's closures include Zara, Macy's, and Men's Wearhouse. The office supplies company also owns OfficeMax, so some of those stores are on the chopping block as well. During one quarter in 2018, the company lost $8.8 million, but its online sales increased almost 11%. The latest retailer to find this out is Stage Stores, the owner of Gordmans off-price stores and a bunch of other regional brands, including Bealls, Goody's and Peebles. A Message on Racial Justice Learn More . The staff reductions will impact Associates in the 71 A.J. He considered Tuesday "the first positive day of the week.". TJ Maxx, Marshalls, HomeGoods, Sierra, Winners, Homesense, TK Maxx closing globally amid COVID-19 TJX: All stores globally — including TJ Maxx, Marshalls, HomeGoods and Sierra — are closed for two weeks starting March 20. Coronavirus Changed Everything. ... photos of shoppers waiting to be allowed inside TJ Maxx stores in some parts of the US circulated widely on social media. Sears is more than 130 years old — and dying a slow death. Stablemate Homesense will also close its 78 stores. TJX Companies, which owns stores TJ Maxx, Marshalls, and HomeGoods, is reopening their stores back up. So, Destination Maternity — which operates stores under its own name, as well as Motherhood Maternity and A Pea in the Pod — has been struggling to compete against online retailers. Jo-Ann Stores The coronavirus pandemic temporarily brought most of U.S. retail to a crashing halt, leaving open only supermarkets, pharmacies and other essential businesses. The company made that decision following a not-so-merry 2018 holiday season that saw Gap's sales decline 5%. Moreover, some brands that sell to discounters don’t want their items online where shoppers can easily search for deals, analysts say. TJX swung to an $887 million loss in the three months to May 2, compared with a profit of $700 million a year earlier. Now it must persuade shoppers that it's safe to return to scavenging stores in the age of a pandemic. Many of these companies said they would continue to pay … Transformco, the company that now owns the two chains, says the business has faced "a difficult retail environment and other challenges.". We just have to practice social distancing,” responded a store worker managing the line. Two-hundred locations are going out of business this year and another 100 will leave the playground in 2021, because of what CEO Jane Elfers describes as "the rapidly changing shopping patterns of our consumer, partly due to the COVID-19 pandemic.". Modell's said in February that it would close 24 of its stores, but a few weeks later the chain filed for bankruptcy and announced it would be shutting down all of its locations, from Massachusetts to Virginia. A record 9,500 stores went out of business in 2019, which seemed massive — but more than 15,000 could shut down permanently in 2020 because chains will have trouble recovering from the coronavirus closures, says an estimate from Coresight Research, reported by Retail Dive. TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month Locations first shutdown on March 19. Robert Fisher, currently Gap's interim CEO, says the closures will breathe new life into the 50-year-old brand. The Children's Place — which has been dressing kids for over 50 years — has decided to put hundreds of its stores to bed. These $19k SUVs Will Make You Trade in Your Car, This is a slam dunk if you want a one-card wallet in 2021, New Policy For Cars Used Less Than 49 Miles/Day, © Modell's Sporting Goods / Ajay Suresh / Wikimedia Commons. T.J.Maxx Official Site | Shop Clothing, Home Decor, Handbags & More. In a statement, the company told The Boston Globe that employees were "assured that they do not have to work if they are not comfortable.". “Isolation has been long,” said Monica Rosu, a 23-year-old nursing student who lives 30 minutes away in New Boston, Mich., as she browsed a rack of dresses at T.J. Maxx. 13 reviews of Tj Maxx "This T.J. Maxx is nice and organized. Pier 1 - After already closing 30 stores they're looking to close an additional 145 locations. It indicates a way to close an interaction, or dismiss a notification. The discount chain had almost 2,500 locations worldwide in 1994, but the retailer closed hundreds when it filed for bankruptcy in 2002. Many purses are securedwith a security cable. A worker disinfected cart handles and stores had plexiglass barriers at registers. "Unfortunately, given the headwinds facing many retailers in today's environment, it made it very difficult for us to operate and compete on a national level," A.C. Moore's CEO Anthony Piperno said, in a statement. Non-essential retailers were forced to close back in March when Gov. Chico's specializes in sophisticated clothing, accessories and intimates for women. The chain is trying new ways to lure customers into its stores. The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced that it will consolidate its A.J. Papyrus, the upscale stationery and greeting card retailer that was a fixture in malls across America, has folded. That strategy is right in line with the parent company's name, CVS Health. J.C. Penney has survived since 1902, but the company whose department stores are a fixture in shopping malls across America is now battling for its life against Amazon, Walmart, Target and off-price retailers like T.J. Maxx. It grew rapidly to more than 1,400 locations in the U.S. and Canada. The chain offers low-price clothing that changes rapidly to keep up with trends, and its massive stores have been a major go-to for teens who want hot styles at cheap prices. THE MERRY LITTLE GIFT THAT GOES A LONG WAY | SHOP E-GIFT CARD S . The discount chain isn’t looking to quickly ramp up e-commerce beyond its minuscule level or add new features allowing American customers to buy products online and pick them up in stores. With sales declining, Victoria's Secret has announced that about a quarter of its more than 1,000 stores in the U.S. and Canada will be out of business by the end of 2020. For example, there's now an arrangement that lets Urban Outfitters' online shoppers pick up their orders at Walgreens locations. Nordstrom is another department store chain that's making some of its coronavirus closures permanent. The iconic chain was once the largest retailer in the country, and it played a key role in the rise of shopping malls. It was announced in spring of 2019 that the chain would be closing down a staggering number of stores: 400 in all. With sales dropping, the chain filed for bankruptcy in October 2019 and said in a court filing that it would shut down more than 180 stores. Colorado-based Lucky's Market — which was founded in 2003 and uses the slogan "Organic for the 99%" — filed for Chapter 11 bankruptcy in late January and decided to close 32 of its 39 stores in 10 states. The chain announced in early March that it was closing all of its company-owned stores in eight states, and a few days later Art Van filed for bankruptcy. Steak n … The neighborhood pharmacy and retail chain is focusing on its stores that have MinuteClinics, which offer basic, walk-in medical services. Because Signet doesn't operate stores under its own name but instead owns nearly every jewelry chain you do know. The company was founded more than 100 years ago as Lerner Shops. Its Not Shopping Its Maxximizing ( See the list of the first 154 stores set to close .) Two L&T locations shuttered in early 2020: at Tysons Corner Center in Virginia and at Palisades Center in suburban New York. Stores closing in 2020: Up to 1,200. Opening hours and more information View opening hours, phone number and more information . The Children's Place wants to move more of it business online and away from struggling shopping malls. "The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business," says CEO Steve Becker, in a news release. 1. CEO Jeff Gennette says the company will close 125 stores in struggling malls that customers are abandoning. Find the T.J. Maxx, Marshalls, HomeGoods, Homesense, Sierra, Winners, or T.K. TAMPA, Fla. - Additional store closures have been announced -- this time by TJX which owns Marshalls, TJ Maxx and HomeGoods. The first store was opened in New Jersey in 1985 by a guy named Jack Parker. The, the stores allowed customers to pick up online orders at the door, but employees said they didn't have adequate protection. UBS is expecting 100,000 stores to permanently shut between now and the end of 2025. The store reopened June 9 and is holding a closing sale before it permanently closes. It's hard for regional discount department stores to hold their own against national giants Walmart, Target and Kohl's. Both Kohl's and TJX -- the parent company of TJ Maxx, Marshalls and HomeGoods-- announced Thursday that they will close stores at least through the end of the month. As of the end of August 2019, the company had more than 1,500 stores in the U.S. and Canada, including about 1,000 Bed Bath & Beyond locations. It stopped taking online orders during the lockdowns and even now is limiting the number of items for sale on its website. But well over a dozen are closing in 2020, according to various media reports. You're probably familiar with Modell's Sporting Goods if you've ever been to New York City, where it seems there are almost as many of the stores as there are subway stations. Show full articles without "Continue Reading" button for {0} hours. The retailer plans to turn 40 of those stores into empty big boxes by March 2020. Now, temporary store closings have worsened things. Two years later, Kmart merged with Sears. “In today’s environment, we believe this kind of shopping experience can serve as a break in the day, and as some ‘Me time’ for our customers, and in the future will continue to be a major draw for consumers to our stores,” he said. Macy's has made the shocking announcement that one fifth of its familiar, iconic department stores will be gone within three years. That was replaced in 1993. The Company will also be closing its two A.J. Kroger's money helped Lucky's grow from just 17 stores to nearly 40 within three years, but Kroger pulled the plug on the partnership in late 2019. "Forever" has come to an end for nearly 350 stores worldwide, including nearly 200 U.S. stores. Wright's two … Not T.J. Maxx. One element making that inventory problem even worse is that off-price stores like TJ Maxx, Marshalls, Ross, and Burlington have also been forced to close during the pandemic. TJX’s approach contrasts with other retailers that are charting a post-coronavirus future less centered around drawing shoppers inside stores. The company emerged from bankruptcy in 2019, but not looking any stronger. Everyone celebrates their birthdays on social media.". Michaels Cos., a craft supply chain that closed many stores throughout the pandemic, added online pickup and same-day delivery service to most of its U.S. stores. Some shoppers bristled at long checkout lines. TJX is the parent company of stores such as TJ Maxx, Marshalls, HomeGoods, HomeSense and Sierra Trading Post. Olympia Sports was launched in 1975 in Portland, Maine, and spread as far south as the Washington, D.C., area. The company said employees would receive two weeks of continued pay. “We will not look to e-commerce as our major leveraging point to get us through Covid and out the other side.”. TJ Maxx and Marshalls' Winning Streak Continues as Discount Stores Outpace Broader Retail. Unnamed sources tell CNBC and Reuters that Lord & Taylor plans to hold liquidation sales and file for bankruptcy once COVID-19 lockdowns are lifted. It has more than 1,000 stores in the United States, making it one of the largest clothing retailers in the country. Clothing retailers are facing a massive inventory problem as stores across the country stay closed. Le Tote, a fashion rental subscription service out of San Francisco, recently acquired the Lord & Taylor chain from Hudson’s Bay, the owner of Saks Fifth Avenue. Closing sales are expected to begin this week at the first wave of 242 J.C. Penney stores that will permanently close in bankruptcy. Now, the chain is shifting gears away from traditional stores. For TJX, the risk is a second wave of infections that would force nonessential retailers to temporarily close stores again. The retailer had more than 900 locations in the U.S. and Canada as of early May. Its innovative mail-order catalogue forever changed the way people shop. Meanwhile, the retailer's stock has dropped so low that it has been removed from the New York Stock Exchange. The Bose website lists 50 stores in the U.S. — which will all be out of business within months. They have a very good selection and the store is always well stocked. "Sanitizer is now something that will likely be part of all of our daily routines for the months and years ahead. But time is running out for Sears and Kmart to stabilize their businesses. Many purses cannot be removed from the rack because of the security cables. Tuesday Morning got its start — and its odd name — from a massive "garage sale" of manufacturers' unsold inventory that founder Lloyd Ross held on a Tuesday morning in 1974. One of the best cash-back cards on the market puts up to 10% back in your wallet. There are off-season and outlet stores, and then there is TJ Maxx which, depending on how it's stocked, could be an Aladdin's cave of wonderful things, or a few tiny steps up from the neighborhood thrift store. The closing of all Pier 1 stores brings an end to a retailer that started in 1962 with one location selling beanbag chairs, incense and love beads to baby boomers in San Mateo, California. Up to 40 of the A.C. Moore locations may have reopened as Michaels arts and crafts stores. ... Target and off-price retailers like T.J. Maxx. Stage Stores was trying to get itself on a better financial footing after a weak 2019 holiday season — but then along came COVID-19, which forced the company to close its stores for weeks. That's a regional sporting goods retailer familiar to shoppers in New England, New York and elsewhere along the East Coast. 349 stores will close as of tomorrow until further notice. If you need a flu shot, suspect a bladder infection or want to undergo a cholesterol screening, you’re in the right place. Others retailers have boosted investments in e-commerce. The appropriate greeting card for this occasion is the kind that says, "We're sorry to see you go.". Kay Jewelers, Zales, Jared the Galleria of Jewelry, Piercing Pagoda, JB Robinson Jewelers and several other brands are all part of the Signet family. I love the jewelry department at TJ Maxx, high end handbags, wallets, home design including artwork, kitchen essentials and of course a girls best and boots! The parent company of fast-fashion retailer Zara this month said it would permanently close as many as 1,200 stores and move more aggressively to selling online. The company has long catered to shoppers who enjoy the “treasure hunt” experience of browsing aisles of constantly changing merchandise, Mr. Herrman said. And that's when things really started going bad. Stores have been reopening — but forecasters predict business will never go "back to normal.". The drastic changes are coming after a series of … NEW YORK -- TJ Maxx stores could be “mostly reopened” by the end of June based on current government guidance regarding the COVID-19 pandemic, according to the company. The brand will no longer be a brand. The company filed for bankruptcy and was hoping to find a buyer. Like us on Facebook to see similar stories, Fact check: Yes, employers can require that workers receive the COVID-19 vaccine, Ohio mayor wants officer fired for not turning on camera during fatal police shooting. Three San Francisco Walgreens closed in recent months, including a location in a prominent spot on Market Street. One of my must stop by locations for TJ Maxx for anything I am looking for. Most Ohio stores reopened last month, so her local store “is very picked over,” she said, and doesn’t have a Runway section, T.J. Maxx’s selection of discounted high-end designer brands. Very well-stocked. Shoppers stormed TJ Maxx stores when they reopened, driving sales higher than last year. The clothing retailer is on its way to closing around half of its stores through early 2021. It's game over in 2020 for half the stores that are part of the Olympia Sports chain. The lights have steadily been going out at Kmart stores in recent years. TJX Companies, the owner of TJ Maxx and other stores, temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2. TAMPA, Fla. - Additional store closures have been announced -- this time by TJX which owns Marshalls, TJ Maxx and HomeGoods. Dozens more locations will be shutting down by February 2020. More Than 15,000 Stores Could Close Permanently in 2020 That's dramatically more than last year's record high -- but don't be so quick to blame coronavirus. "Despite our best efforts to remain open, the company's brands and operating performance have been hit hard by a challenging retail environment," spokeswoman Diane Charles said, in a statement. So, [it's a] meaningful opportunity," Meslow said. CEO Jill Soltau says in a news release that the company is dealing with "unprecedented challenges" because of COVID-19. Wome n Shoe s Hom e Shop Al l. just arrived overnight. The store-closing list of 2020 is vast thanks to COVID-19 and a reliance on online shopping. SHOP TODAY’S ARRIVAL S. WOME N. ME N. KID S. HOM E. RUNWA Y . The Miami Bloomingdale's opened in 1984, and it was knocked out of business for more than a year after Hurricane Andrew tore through South Florida in 1992. Following a disappointing 2019 holiday shopping season, the chain has announced plans to close around 100 stores by 2022. Company executives blame Modell's demise on: tough competition from big-box stores and Amazon; bad seasons for the region's sports teams; a shorter holiday shopping season last year; and warm weather that hurt sales of jackets and other outerwear. Barnes & Noble latest Lincoln Plaza store closing, but TJ Maxx may be on the way . GNC. Here are the major retailers that are permanently closing the most stores in 2020, starting with the biggest announcements. Not only that, but remaining stores will be reduced in size. The name that once stood for chic and youthful clothing will no longer be on any of their apparel. Except T.J. Maxx. But the problem today is that fewer people care about sending greeting cards at all. It is hard for discount retailers to turn a profit when factoring in the cost of shipping and returns. “It feels like Christmas today,” said one HomeGoods cashier, checking out a customer. The company — which also operates the the Soma and White House Black Market stores — was founded in 1983 by a husband and wife team and named after a friend’s parrot. WILMINGTON, N.C. (WECT) - TJX, the parent company of TJ Maxx, Marshalls and Home Goods, Homesense and Sierra closed all stores globally in an effort to reduce the spread of the coronavirus. Is anyone surprised that expectant moms would rather shop from the comfort of home than trudge to the mall? Gil Braun opened Braun’s Fashions in Minneapolis in 1956. And, interim CEO Stuart Burgdoerfer has told Wall Street analysts he expects there will be more closings in 2021 and 2022. MILWAUKEE -- Officials with The TJX Companies, Inc., parent company of TJ Maxx, Marshalls, HomeGoods, Sierra, Winners, Homesense, and TK Maxx, announced Thursday, March … New York & Co. was hoping for more of the usual Black Friday craziness last year. Another 150 locations will shut down later in the year. "Unfortunately, the challenging retail environment has been significantly compounded by the profound impact of COVID-19, hindering our ability to secure such a buyer and requiring us to wind down," Pier 1 CEO Robert Riesbeck says, in a May 19 news release. In March, a Walgreens is closing on the main shopping street in Old Town Alexandria, Virginia, outside Washington, D.C. Walgreens says the closings amount to fewer than 3% of the chain's nearly 9,600 locations in the U.S. “For a lot of companies, e-commerce is a blessing and a curse,” said Janine Stichter, Jefferies Financial Group analyst, explaining that it comes with additional expenses and a reduction in shoppers visiting physical stores. The slogan for Hallmark Cards used to be, "When you care enough to send the very best." The company filed for bankruptcy just as going-out-of-business sales were getting underway. “My advice is if you don’t need a big online presence, don’t do it. That's out of 411 mall-based locations and 215 Express Factory Outlet stores that the company reported in a public filing in November. TJX gets just 2% of its sales from e-commerce and shut its websites during the lockdowns. "We believe Jo-Ann will run into liquidity problems within the next 12 months," S&P's Wyeth wrote. You'd think that a chain selling soaps and hand sanitizers would have it made during the coronavirus pandemic, but Bath & Body Works is closing 50 of its locations, primarily in malls. The problem is the purse department. At its peak in 2006, the retailer’s stock price reached almost $44. “We will focus our resources on the healthy parts of our business, directly address the unhealthy parts of the business and explore new revenue streams," Gennette said, in a news release. Lord & Taylor is a relic that has been around since 1826. CVS intends to close around two dozen of its drugstores in 2020, which is about half the number that shut down in 2019. TJ Maxx, Marshalls, and HomeGoods are expected to open most of their stores by the end of June, according to parent company TJX. Inventory was plentiful, and some items deeply discounted. In 2000, Braun’s evolved into the brands Christopher & Banks and CJ Banks. This Aug. 15, 2019, photo shows the TJ Maxx logo on a store in Manchester, N.H. TJX Companies Inc., parent of T.J. Maxx and other discount stores reports earnings on Tuesday, Aug. 20. The first U.S. store opened in 1993 as a place where consumers could test and experience Bose products. Art Van Furniture and mattress stores have been an institution in the Midwest, but the region is going to have to learn to get along without them. The company operates about 850 stores in the U.S. and employs nearly 90,000 workers. G-III also is shutting down its 89 G.H. Marshalls in the Columns is also expected to reopen at 10 a.m. The Seattle-based retailer that's known for its stellar customer service and that used to feature live piano music in its stores says 16 locations will be going out of business in the U.S. and Puerto Rico. Signet calls itself "the world's largest retailer of diamond jewelry," so why is it you've never heard of the company? RELATED: Simon closing all retail properties in attempt to slow spread of coronavirus Marshalls, TJ Maxx, HomeGoods, and Sierra will be closed … The company planned to sell the remaining seven, according to media reports. Wright stores into T.J. Maxx, Marshalls or HomeGoods stores and by closing the remaining 71 stores, A.J. “There is a lot of revenge spending,” said John Kernan, an analyst with Cowen Inc. “People have been cooped up for so long they want to shop in stores.”, Related Video: The Outsized Economic Impact of Retail Sales. A record 9,500 stores went out of business in 2019, which seemed massive — but more than 15,000 could shut down permanently in 2020 because chains will have trouble recovering from the coronavirus closures, says an estimate from Coresight Research, reported by Retail Dive. J.C. Penney stock has become a penny stock: It dropped below $1 a share in January and has fallen steadily since then, leading the New York Stock Exchange to take steps to delist the stock. Closed . TK Maxx . Click to see the major retailers that are permanently closing the most stores in 2020, counting down to the biggest announcements. Wome n Me n Kid s Hom … Her company wants to sell more of its maternity clothes via the web. Bass shoe and clothing stores. NEW YORK -- TJ Maxx stores could be “mostly reopened” by the end of June based on current government guidance regarding the COVID-19 pandemic, according to the company. Signet operates about 3,200 jewelry stores worldwide, but it says the virus has sped up the company's transformation into more of an online retailer. "It's all online now. Sales dropped more than 40% in the company's latest quarter, so Signet says 150 North American stores that have been under lockdown will stay closed. In February 2020, another 51 Sears and 45 Kmart locations were set to close, leaving some 182 surviving stores. 2020-05-21T14:27:59Z The letter F. An envelope. The original store in Manhattan advertised “fashionable dry goods” such as cloaks, shawls, mourning attire, laces and embroideries. Earlier this year, the retailer put a dozen stores out of business following a terrible holiday shopping season. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Making matters worse is that off-price stores like TJ Maxx and Ross are not taking unsold inventory. I like to take purses over to a mirror but that is impossible in this store without getting a sales person involved. "We hope that through our artistic, thoughtful greeting cards and our personal expression products that we were able to inspire you to celebrate and honor the special people in your lives, creating memorable moments along the way," Papyrus said on its Facebook page. The chain's current owner says in a statement that it's "pruning operations that have struggled due to increased competition and other factors.". The stores started the year off with strong Valentine's Day sales, but that was before the coronavirus struck. So, the Bath & Body Works rubber duckie mascot will have a smaller pool to swim in — even though the company's soap and sanitizer business is indeed growing fast. Apple Inc. recently closed nearly a dozen stores in four states as coronavirus cases climbed. "In 2020, we will continue our work to de-densify our global store fleet," Jim Bell, the chief financial officer, told analysts on a recent conference call. View more stores Clothing . TJX stores reopened with safety restrictions that are now becoming familiar to American shoppers. The rest are in Canada. "Continued challenges in the retail industry impeded the company's progress as well as its ability to refinance its debt," Earth Fare said in a news release. It's not clear how many have already closed. Mall and shopping center owners are likely going to be hearing from tenants that are pulling out of … Those include an Evansville, Indiana, Hallmark store that's been in business for 44 years, and a longtime location in Forest Park, Illinois, owned by Rich Schauer. Chief Financial Officer Eva Boratto hopes shuttering weaker CVS stores will generate "enhanced longer-term performance.". TJ Maxx announced on March 19 that all stores would temporarily close. CEO Andrew Meslow told analysts on a conference call in May that the mall stores "may not come back to their pre-crisis levels of productivity.". These are tough times even for a deep-discount retailer whose stores normally look like they're holding going-out-of-business sales. The chain announced in early February that it would shut down all 50 of its natural foods supermarkets in 10 Southern and Midwestern states. Nearly 50 more will close by February 2020. That’s a lot of bath mats, bed sheets and potholders. Wilsons Leather — a chain known for its leather belts, shoes, handbags, gloves and especially jackets — is zipping it up. Inc. has also reduced store hours and more information Walgreens has been from... Fact, Times square has had two Modell 's just one block from each.... All 50 of its more established stores were down 19.4 % last.. Jersey in 1985 by a guy named Jack Parker its natural foods supermarket that has one... Card to score extra savings lost $ 8.8 million, but TJ Maxx,,. 1994, but its online sales increased almost 11 % down by February.. 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