TKMaxx
is an “off-price” retailer (quality brands at cheap prices). It operates over
3600 stores worldwide and it currently trades as Trade Secret Stores in
Australia where it has 36 stores. They will be converted to TKMaxx from April
this year.
TKMaxx
has been described as follows –
“Off-price
retailers like T.J. Maxx (the TKMaxx parent company), have been the single
largest poacher of department stores' business in recent years as bargain
hungry shoppers have looked for higher end apparel brands at big discounts and
avoided the second-rate malls that are home to too many department stores.
What marks out T.J. Maxx and other “off-price” retailers is that most of their stock is from habitually pricey designer labels, at drastic reductions.
What's
more, the quicker inventory turn and the sense that an item on a rack might not
be there the following week at a T.J. Maxx has led to a boom in this area of
retail."