TJ Maxx has closed its store on Newbury Street in Boston, less than a decade after opening, as part of its real estate strategy, with 117 employees affected, though all were offered positions at nearby stores. The closure reflects broader retail challenges, despite overall sales growth for TJX.
Bethenny Frankel criticized T.J. Maxx on Instagram after mistakenly purchasing fake Manolo Blahnik shoes from one of their stores. A fashion TikToker initially questioned the authenticity of the shoes, pointing out details that made them appear fake. T.J. Maxx claimed they didn't sell the shoes and suggested they were a "counterfeit return." Frankel expressed her disappointment and loyalty to the store but advised against buying luxury goods from T.J. Maxx. She has since ordered a new pair from Bergdorf Goodman.
Bethenny Frankel criticized T.J. Maxx after purchasing fake Manolo Blahnik shoes from one of their stores. A fashion TikToker initially questioned the authenticity of the shoes, pointing out details that made them appear fake. T.J. Maxx claimed they didn't sell the shoes and suggested they were a "counterfeit return." Frankel expressed her disappointment and loyalty to the store but advised against buying luxury goods from T.J. Maxx. She has since ordered a new pair from Bergdorf Goodman.
TJX's HomeGoods brand is expected to benefit from Bed Bath & Beyond's bankruptcy, as more than 80% of Bed Bath & Beyond locations have a HomeGoods or TJ Maxx within five miles. HomeGoods can "re-rank" inventory to match products that might've been popular at the local Bed Bath & Beyond store. While Bed Bath & Beyond's winddown will likely be a headwind in the near-term, TJX will stand to benefit in the second half of the year when those sales end.
A video from a T.J. Maxx in Southern California shows a fed-up customer body-slamming a shoplifter who managed to escape with stolen goods. The incident highlights the growing frustration with theft in stores across the country. The United States is facing a number of challenges, including rising interest rates, failing banks, political polarization, and civil unrest. The incident is a sign of where the country is headed, and it's just a matter of time before things get worse.
A customer at a T.J. Maxx store in Mira Loma knocked an alleged thief to the ground as she tried to walk away with bags of merchandise. Bystander footage showed the man confronting the suspected shoplifter and a scuffle ensued. No arrest has been made so far and it's unclear what merchandise was actually taken. Law enforcement has taken a report.