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31-715: Europe - 78 (May 2, 2020) United States - 69 (October 2024) HomeSense (stylized as Homesense in Europe and the United States) is a Canadian chain of discount home furnishing stores owned by TJX Companies . It originated in Canada in 2001, and was expanded to Europe in 2008 and the United States in 2017. Outside of the United States, the chain is comparable to the TJX-owned HomeGoods . Within

62-610: A Target among others. Value City had since went out of business in 2008 and was demolished in 2016. Today, the space is occupied by Homesense and Sierra Trading Post . On May 31, 2018, Sears announced plans to close the store in September, as part of a plan to close 63 stores nationwide. Sears was the last of the original anchors to close. An At Home and an Amazon warehouse have since replaced levels 1 & 2 of Sears, respectively. In 2019 Wharton announced an additional expansion to include Marshalls and Home Goods bringing

93-539: A 25% stake in Russian retailer Familia. On August 19, 2020, TJX Companies continue to deal with the COVID-19 pandemic 's effect on its business. The company announced that revenues dropped 31% over the months of May, June, and July, primarily due to extensive closures of the shop for around one-third of the period. TJX Companies reported a second-quarter loss of $ 214 million. On January 17, 2007, TJX announced that it

124-472: A customer survey completed in 2009 showed a 100% recommendation rate from customers, something which had been targeted prior to the brands launch. Staff aprons, the most distinctive part of the uniform, partially change on a seasonal basis. As part of TJX Europe's 'Real Responsibility' initiative, HomeSense has partnered with the homeless charity Emmaus . As well as donating unsold stock, the company has started selling jute bags for £1.99, of which at least 50p

155-551: A profit. In October 1988, Zayre Corp. decided to focus its energies on TJX. It sold the entire chain of nearly 400 Zayre stores to Ames Department Stores Inc. In exchange, the company received $ 431.4 million in cash, a receivable note, and what was then valued at $ 140 million of Ames cumulative senior convertible preferred stock. The company continued focus on its core business, spinning off unrelated operations including BJ's Wholesale Club and Home Club , leaving it with just one brand, T.J. Maxx. In June 1989, Zayre Corp. acquired

186-477: A slow pace opening stores each year. TJX Companies The TJX Companies, Inc. (abbreviated TJX ) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts . It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989. As of 2019 , TJX operates TJ Maxx (in

217-848: Is a publicly listed stock on the New York Stock Exchange (NYSE) under the ticker symbol TJX and has a capital value of $ 132.27 Billion (August 2024). In 1977, the first TJ Maxx store opened in Auburn, Massachusetts as part of the discount department store chain Zayre . In June 1987, Zayre established The TJX Companies as a subsidiary. In the first half of 1988, Zayre stores had operating losses of $ 69 million on sales of $ 1.4 billion. Observers blamed technological inferiority, poor maintenance, inappropriate pricing, and inventory pileups, and Zayre appeared ripe for takeover. Throughout all this, however, The TJX Companies subsidiary continued to yield

248-482: Is donated to Emmaus. In 2009, the company also started selling Fairtrade cotton bags for 99p. The company does not give out any bags free in order to reduce its environmental footprint. Plastic bags come in three sizes and customers are charged 10p for the medium and large sized bags and 15p for the extra large. The revenue gained is used to cover the cost of manufacturing the bags with any remaining sum donated to The Woodland Trust ; HomeSense does not therefore profit from

279-551: Is located in Westfield Merry Hill , Dudley, England, and opened in May 2010. Throughout April and May 2009, the original launch stores received minor refurbishments to bring design and decoration into line with newer stores. This coincided with a relaunch of the company's website, and the adoption of a new slogan, "It makes perfect HomeSense". Prior to this, the slogan was "Unique Finds, Irresistible Prices". The results of

310-519: Is more upmarket than its Canadian namesake. Later that year, in August, TJX sold Bob's Stores to Versa Capital Management and Crystal Capital. In December 2010, TJX announced that the A.J. Wright stores would be closed, cutting about 4,400 jobs, and that more than half of them would reopen under other company brands. In December 2012, TJX acquired Sierra Trading Post , an off-price internet retailer of outdoor gear and apparel. Since its acquisition,

341-521: Is operating in 69 locations across 16 U.S states and territories. Florida has the most stores currently at ten. Delaware, Ohio have the least amount of stores at one in each state, both in Westlake, Ohio and Newark, Delaware. TJX Companies , the parent company of HomeSense, as well as HomeGoods , Marshalls , Sierra , and TJ Maxx are slowly increasing their HomeSense presence in the United States. The HomeSense brand continues to open stores and expand at

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372-515: The 1950s, when Sears relocated its Downtown Asbury Park store to a more suburban site on Route 66 at the site of the present-day Neptune World Class Shoprite , just west of the Asbury Circle . Following the 1970 Asbury Park riots, many businesses left Asbury Park's Downtown. Thus, planning for Seaview Square began at the site across the street from the Sears, behind a small cinema, which

403-1052: The HomeSense brand in the United Kingdom . The first store to open was in Poole , and this was closely followed by stores in Cardiff , Bristol , Gloucester , Northampton and Manchester followed by Thurrock in October 2008 and Cambridge in March 2009. By the end of 2009 HomeSense are operating 14 stores and have opened an additional 6 stores between August and November in Worcester , Birmingham , Preston , Romford , Staples Corner (London) and Nottingham . In 2010 HomeSense plans to open stores in Reading , Chichester , Tunbridge Wells , and Chester . The HomeSense flagship store

434-933: The US, where HomeGoods already operates, it features more big ticket items than its sister store. Since 2001 this brand operates in Canada, as of 2014, HomeSense holds over 100 stores including its "Mega-stores" which include full Winners and HomeSense stores combined. The Canadian chain is similar to TJX's HomeGoods chain in the United States . HomeSense operates along with Winners and Marshalls in Canada both of which share common ownership by TJX Companies. Homesense specializes in home furnishings, selling products that range from low end to name brand. Prices tend to be competitive to account for minor defects or discontinued lines; however they also carry products that are in excellent condition. Some of their items can also be found in other department stores. In April 2008, TJX launched

465-528: The United States) and TK Maxx (in Australia and Europe), its flagship store chains, along with Marshalls , HomeGoods , HomeSense , and Sierra in the United States, and HomeSense, Marshalls, and Winners in Canada. There are over 4,557 discount stores in the TJX portfolio located in nine countries. TJX ranked No. 80 in the 2024 Fortune 500 list of the largest United States corporations by total revenue. TJX

496-408: The United States. TJX's expansion beyond North America came in 1994, when the fourth brand division, T.K. Maxx, was founded in the United Kingdom , and then expanded into Ireland . In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand. T.J. Maxx and Marshalls later became consolidated as two brands under a single division, The Marmaxx Group. The following year, TJX Companies Inc.

527-421: The end of March 2007, the number of affected customers had reached 45.7 million, and prompted credit bureaus to seek legislation requiring retailers to be responsible for compromised customer information saved in their systems. In addition to credit card numbers, personal information such as social security numbers and driver's license numbers from 451,000 customers were downloaded by the intruders. The breach

558-648: The exception of its remaining two anchors, Value City and Sears . In September 2012, Wharton Realty Group purchased the mall and renamed it the Seaview Square Shopping Center. New construction on the Route 66 entrance to the mall created three new restaurants and additional retail stores. A wave of new tenants soon filled most of the empty space of the old mall including Guitar Center , A.C. Moore , Big Lots , Burlington Coat Factory , Sky Zone Indoor Trampoline Park, Costco , PetSmart and

589-630: The front side of the mall, after it wasn't able to open at the nearby Ocean County Mall in Toms River . Around the same time, Lord & Taylor was rumored to be the mall's fourth anchor, but never came to fruition. In the 1990s, Stern's parent company, Federated Department Stores, bought Macy's , and decided to merge the Abraham & Straus chain into Macy's, which left the Monmouth Mall with an empty anchor. Sterns subsequently moved to

620-927: The original Canadian HomeSense stores and European locations. In the United States, HomeSense has a larger selection of furniture, art, and lighting from HomeGoods stores, and it even offers fixtures. Future plans for the chain include the addition of 400 more stores across the country. HomeSense opened the first U.S. location in Framingham, Massachusetts in August 2017. Later that month, the company announced plans to open two additional stores in New Jersey in East Hanover and Seaview Square Shopping Center in Neptune. An additional Massachusetts location in Westwood opened on 9 November 2017. As of October 2024, HomeSense

651-531: The outstanding minority interest in TJX and merged with the subsidiary, changing its name from Zayre Corp. to The TJX Companies, Inc. in the process. The newly named company began trading on the New York Stock Exchange. In 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain. Two years later, it launched its third brand, HomeGoods, in

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682-624: The retail chain has opened over 70 brick-and-mortar stores in the United States. The chain rebranded to Sierra in 2019. In July 2015, TJX acquired the Trade Secret and Home Secret off-price retail businesses from Australian company Gazal Corporation Limited. The deal was completed in December. In October, Ernie Herrman was named CEO of the company, replacing Carol Meyrowitz . He took over in January 2016. In November 2019, TJX purchased

713-542: The sale of its plastic bags. By the end of the financial year 2009/10 HomeSense estimates it will have sales of £270M, a 40% increase on the previous year. By the end of fiscal year 14 they expect to be one of the largest home and gift retailers in Europe. HomeSense opened its first Irish stores in Dublin and Cork in June 2017. HomeSense operates alongside and complements HomeGoods in the United States and so it differs from

744-543: The side-by-side superstore model in the United States in 2004, combining some of each of the two Marmaxx brand stores with HomeGoods. The company reached 141st position in the 2004 Fortune 500 rankings, with almost $ 15 billion in revenue. That year was also marked by the death of retired Zayre founder Stanley Feldberg. In April 2008, TJX launched the HomeSense brand in the UK, with six stores opening throughout May. The brand

775-479: The vacant space, but continued to operate the Seaview Square store as half-store and half-clearance center until their lease ran out in 1999. Steinbach folded that same year and was replaced with a Value City . The mall closed on December 31, 2000 (with RadioShack , an original mall tenant, being the final store to close), for reconstruction, and most of the original indoor mall was demolished in 2001, with

806-641: The west coast. The company's seventh brand division, HomeSense, formed in 2001, was a Canadian brand modeled after the existing US brand, HomeGoods. TJX revenue surpassed $ 10 billion that year. In 2002, TJX revenue reached almost $ 12 billion. In 2003, TJX acquired an eighth brand division, Bob's Stores, concentrated in New England . In Canada, TJX began to configure some Winners and HomeSense stores side by side as superstores. The superstores feature open passageways between them, with dual branding. TJX's revenue in 2003 reached over $ 13 billion. TJX began to test

837-525: Was added to the Standard & Poor 's S&P 500 Composite Index, which consists of 500 of the largest companies in the United States. TJX sold Hit or Miss, a discount mall based clothing store in 1995 as well through an employee leveraged buyout. TJX launched a sixth brand, A.J. Wright , in 1998 in the eastern U.S. The brand went national in 2004 when it opened its first stores in California on

868-475: Was developed by The Goodman Company and opened on November 2, 1977. At this point, the mall was about 40% occupied. Steinbach operated its Seaview Square store as an upscale, fashion-oriented store, and their Asbury Park store more towards housewares and furniture. By 1979, however, the Asbury Park store had closed and the company reevaluated itself as a "value chain". In the same year, Stern's opened along

899-634: Was later renamed the "Seaview Square Cinema" and absorbed as part of the mall's property. The site was originally a landfill from 1941 to 1975 and was considered a Superfund site by the United States Environmental Protection Agency (EPA) until 1991. The 856,000-square-foot (79,500 m ) mall would be anchored by Steinbach at the west end, and a newer and much larger Sears at the other end, which also housed Sears' regional credit office. The mall also had room for about 150 stores and two extra anchors. The mall

930-586: Was possible due to a non-secure wireless network in one of the stores. Eleven men were charged in the theft, and one (Damon Patrick Toey) pleaded guilty to numerous charges related to the breach. Another, Jonathan James , professed his innocence and later committed suicide, apparently out of the belief that he was going to be indicted. The alleged ringleader Albert Gonzalez , was later indicted in August 2009 with attacking Heartland Payment Systems , where 130 million records were compromised. Seaview Square Mall The mall's past history can be traced back to

961-479: Was the victim of an unauthorized computer systems intrusion . It discovered in mid-December 2006 that its computer systems were compromised and customer data was stolen . The hackers accessed a system that stores data on credit card , debit card , check , and merchandise return transactions. The intrusion was kept confidential as requested by law enforcement. TJX said that it was working with General Dynamics , IBM and Deloitte to upgrade computer security. By

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