(Getty Images) A shopper at the TJ Maxx store in Washington, DC
Move over flash sales and online fashion discount sites—one of the biggest off-price retailers in America is about to launch e-commerce! According to reports this morning, TJ Maxx and Marshalls are set to announce plans to enter the world of online shopping. Currently a brick-and-mortar operation, TJ Maxx and Marshalls sold $25.9 billion worth of merch last year alone. And with their epic designer roster that spans mass market household names to high-end Italian luxury labels, this is one new e-comm player to watch.
In fact, according to an analyst WWD spoke to, TJX—TJ Maxx and Marshalls' parent company—"could grow to $1 billion in sales within three years of the launch, and $2.2 billion within five years." In a still-emerging retailer sector where so many off-price startups are still relying on investors and not (a) disclosing or (b) ostensibly making a profit, billions aren't numbers to sneeze at.
Are you a TJ Maxx and Marshalls shopper? What are your favorite departments at each store? Our office is close to the TJ Maxx and Marshalls in the Flatiron neighborhood in New York and sometimes we stop in to peruse the excellent shoe section at that Marshalls and the homewares and separates at TJ Maxx. Fun fact: Both stores are excellent sources of off-price high-end dog toys. Also, have you ever been to a TJ Maxx "Runway" store? That's where you'll find a lot of the retailer's biggest high-end brands!