With retailers like Macy’s, Kmart, Sears, and others closing dozens of stores year after year in a bid to boost their bottom line in the face of sluggish sales, you might think the retail world as a whole is struggling. While a number of big names have indeed seen better day, a few companies are bucking that trend. [More]
While other retailers are busy shutting down stores and trying to figure out how to grab a chunk of that online shopping business, one chain is considering beefing up its bricks-and-mortar presence. TJX Companies Inc., the parent company of TJ Maxx, Marshalls, HomeGoods, and other off-price stores, may open thousands more stores worldwide. [More]
For people who enjoy it, bargain-hunting combines all of the primal fun of hunting with no threat of being trampled by an antelope. That’s why, amid recent fretting that American department stores and malls are doomed, there remains a bright spot in the retail business. TJX, parent company of off-price stores T.J. Maxx, Marshalls, and HomeGoods, reported better-than-expected results this quarter, unlike its department store competitors. [More]
Following in the footsteps of retailers like Victoria’s Secret, Bath & Body Works, Abercrombie & Fitch and Gap, Urban Outfitters says it will stop using on-call scheduling — but only in New York. This change comes after pressure from New York Attorney General Eric Schneiderman’s office, which has been probing various companies’ use of the system. [More]
Consumerist readers as well as dedicated outlet and closeout shoppers know that the “compare at” or “manufacturer’s suggested retail price” tags at outlet stores don’t necessarily mean anything. Two occasional TJ Maxx shoppers have now proposed a federal class action lawsuit against the company for false advertising, claiming that the company engages in “deceptive pricing.” [More]
The cargo-unloading slowdown on the West Coast of the United States had far-reaching effects on the global economy, causing problems for everyone from McDonald’s in Japan to truckers in Los Angeles. It was especially harmful to the fashion industry, which saw hot styles shipped over from Asia cool down as they sat off the coast, unable to be unloaded and put in stores. However, this means a bonanza for off-price retailers. [More]
Over the past several years, companies that employ hourly workers in New York have come under scrutiny for a variety of practices, including not providing reimbursement for uniforms to requiring some work be performed off the clock. Today, the state attorney general’s office began scrutinizing another practice by major retailers: the use of on-call scheduling. [More]
In another sign that retail companies are re-evaluating the way they pay employees, TJX Cos. – the parent company of stores like T.J. Maxx, Marshalls and HomeGoods – announced it intends to increase hourly wages for worker starting this year.
By the numbers alone, basically everyone in the country has been the victim of at least one data breach in the past year, if not more. 106 million Americans had their card data stolen from Target and Home Depot alone, to say nothing of the data breaches at Jimmy John’s, Dairy Queen, P.F. Chang’s, UPS, Albertsons, Jewel-Osco, ACME, Shaw’s, Sally Beauty Supply, Goodwill, some Marriott hotels, Neiman Marcus, and Michael’s craft stores. And that isn’t even considering other breaches that were too small to make national headlines, or that simply haven’t been discovered yet.
It can be so tempting — You’re about to make a big purchase at a retail store when the cashier says you can save all sorts of money by applying for a store credit card. But what they rarely make clear to you is that the card you’re applying for often comes with a sky-high interest rate — and those rates are going higher. [More]
In this month’s Recall Roundup, cork toys crumble but aren’t edible, heaters overheat, and Grumpy Cat has a lot to be unhappy about. [More]
Target is probably having a very unmerry holiday season right now dealing with the credit card breach that likely affected about 40 million accounts. Target might be the retail version of a sad Charlie Brown at Christmas right now, but hey, it could be worse. No, really. [More]
Last summer, some of the country’s largest retailers reached a settlment with Visa and MasterCard that was supposed to put to rest qualms the businesses had with the credit card companies’ alleged practice of fee-fixing. The $7.2 billion settlement didn’t sit well with some, including Target and Macy’s, prompting a group of retailers to file a new lawsuit this week, effectively rejecting that previous agreement.
After an autistic girl and her service dog were wrongly kicked out of a discount clothing store owned by TJ Maxx, the district manager profusely apologized and gave them a $25 gift card to pick out anything she liked. When she returned and tried to use the gift card, store staff kicked her out for having a service dog again. Looks like someone didn’t get the memo.
A federal court in Boston has sentenced Albert Gonzalez, the Miami computer hacker behind millions of dollars in credit card theft from national retailers like TJ Maxx, BJs, Barnes & Noble and more, to 20 years in prison for his crimes.
Albert Gonzalez, the mastermind behind most of the multi-million dollar credit card breaches in the past few years, is being sentenced this week. (Feds are asking for 25 years.) Now his former accomplice, Stephen Watt, has told Wired that while Gonzalez was busy stealing and selling credit card data he was also being paid under the table by the U.S. Secret Service to inform on others, earning as much as $75,000 in cash annually.
Yesterday T.J. Maxx announced that third-quarter earnings surged ahead 47% as the company attracted great-recession-weary shoppers to its stores. Oh, and there might have been a “hostage” situation in one of its Florida stores.