T.J. Maxx

T.J. Maxx
Type Subsidiary of TJX Companies
Public
Industry Retail
Founded 1976
Headquarters Framingham, Massachusetts, United States
Products Clothing, ladies footwear, bedding & domestics, furniture & giftware
Website http://www.tjmaxx.com/

T.J. Maxx, sometimes referred to as TJ's or the Maxx, is an American department store chain owned by TJX Companies. With more than 900 stores T.J. Maxx is a major clothes retailer in the United States, whilst also operating stores in a number of other countries.

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History

In 1976, T.J. Maxx was founded in Framingham, MA, as a nameplate of the Zayre discount department store chain. When Zayre sold their own nameplate to Ames, a rival discount department store, Zayre was renamed as "TJX Companies, Incorporated"

T.J. Maxx also operates in the United Kingdom, Republic of Ireland, Germany and Poland under the name "T.K. Maxx". The first store opened in 1994 in Bristol. Between 1999 and 2001 T.K. Maxx had three stores in the Netherlands but the locations were unsuccessful.

In Puerto Rico, T.J. Maxx has stores at six locations: Plaza del Norte in Hatillo, San Patricio Plaza in Guaynabo, Plaza Carolina, Plaza Rio Hondo, Bayamon, Caguas and Ponce. A future store is set to open at the Plaza Las Américas mall in San Juan.

Data theft

In 2007, the company disclosed a computer security breach dating to 2005. Hackers gained access to information on more than 45 million credit and debit card accounts for transactions since January 2003.[1]

The T.J. Maxx Corporation was sued by the Massachusetts Bankers Association and co-plaintiffs including Maine and Connecticut Associated Banks for the data theft. In March 2010, Albert Gonzalez, a computer hacker, was sentenced to 20 years in federal prison after confessing to stealing credit and debit card details from a number of companies, including T.J.Maxx.[2]

Charity work

Every year, T.J. Maxx supports the Save the Children campaign and each store adopts a child to help support. In 2005, they raised over $1.25 million. The “Happy Hearts” initiative launched in 2000 has raised over $4.3 million to support U.S. children and families in need.

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