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]
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]
Massachusetts and Rhode Island are opening probes into T.J. Maxx after the retailer lost millions of consumer’s credit cards in a recent breach.