It’s bleak out there for a clothing retailer, with sales slumping at many chains, leading some — American Apparel, Aeropostale, Pacsun, among others — to declare bankruptcy. So if we aren’t shopping for items to clad our bodies, what are we shopping for? [More]
Home Goods
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TJ Maxx Parent Company Considering Opening Thousands More Stores
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]
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T.J. Maxx, Marshalls & HomeGoods To Increase Minimum Wage To $9/Hour
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. [More]