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27-465: The museum moved a number of times over its initial years of existence while it continued to search for a permanent home. In 1995, the Museum thought it found that home when it reopened as an anchor tenant at Navy Pier on Lake Michigan . The new facility offered 57,000 square feet (5,300 m) of exhibition space and included three floors of educational exhibits, public programs and special events. Upon

54-539: 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

81-434: A captive clientele. The challenges faced by the traditional large department stores have led to a resurgence in the use of supermarkets, even gyms , as anchors. The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet (74,000 m ) in gross leasable area , and

108-551: A common type of anchor store, since they are visited often. However, research on consumer behavior revealed that most trips to the grocery store did not result in visits to surrounding shops . Large supermarkets remain common anchor stores within power centers however. Since the end of the 20th century, the declining popularity of old-line department stores has made it necessary for mall management companies to consider re-anchoring with other retail alternatives, or mix commercial development with residential development to guarantee

135-690: A company reorganization in 1989. As of 2019 , TJX operates TJ Maxx (in 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

162-424: 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 a profit. In October 1988, Zayre Corp. decided to focus its energies on TJX. It sold

189-426: Is a considerably larger tenant in a shopping mall , often a department store or retail chain . They are typically located at the ends of malls, sometimes in the middle. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They are often offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for

216-519: 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,

243-425: The superregional center with more than 800,000 square feet (74,000 m ) of space. The regional center typically has two or more anchors, while the superregional typically has three or more. In each case, the anchors account for 50–70% of the centre's leasable space. Shopping centres with anchor stores have consistently outperformed those without one, as the anchor helps draw shoppers initially attracted to

270-601: The 2024 Fortune 500 list of the largest United States corporations by total revenue. TJX 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

297-488: The Chicago Park District unveiled a renovation plan for the northeast area of Grant Park that did not include the museum. When asked about the museum, the park district's director of planning and development replied, "Well, they're not coming to Grant Park." In late 2012, the museum announced it had agreed on a new, 90-year lease with Navy Pier. The agreement includes an expansion of the museum's presence at

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324-482: The Pier by nearly 50 percent (57,000 square feet to 84,000 square feet). Details of the expansion were expected to be announced in 2013. 41°53′29″N 87°36′33″W  /  41.89139°N 87.60917°W  / 41.89139; -87.60917 Anchor tenant In North American, Australian and New Zealand retail , an " anchor tenant ", sometimes called an " anchor store ", " draw tenant ", or " key tenant ",

351-471: 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.

378-492: The anchor to shop at other shops in the mall. Thus, a mall which loses its last anchor is often considered to be a dead mall . TJX Canada 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

405-526: The community especially from Mayor Richard Daley , the proposal has met with some resistance from others who feared that the museum's move will invade Grant Park's open space and set a precedent for other organizations moving to the park. The new facility at Grant Park was designed by the architecture firm of Krueck and Sexton Architects , who designed the Spertus Museum on Michigan Avenue. By early 2011, museum officials affirmed their commitment to

432-421: 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

459-466: 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

486-542: The mall owners. Some examples of anchor stores in the United States are: Macy's , Sears , JCPenney , Nordstrom , Neiman Marcus , Saks Fifth Avenue , Dillard's , Kohl's , Walmart , and Target . And in Canada ; Hudson's Bay , Sears (formerly), Target (formerly), Zellers (formerly, now in all Hudson’s Bay locations), Nordstrom / Nordstrom Rack (formerly), TJX Companies ( HomeSense , Winners , Marshalls ), Walmart, Saks Fifth Avenue , Sporting Life . When

513-615: The move to the Pier, the expansion made it the fourth largest children's museum in the United States. The museum serves more than 650,000 people, both at its Navy Pier location and in communities in and around Chicago, each year. The Navy Pier space served the museum well for more than a decade, but in 2006, the Museum announced plans to expand further and move to another location at Daley Bicentennial Plaza in Grant Park that would more than double its exhibition space and allow for greater community access. Despite some strong support from

540-531: 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

567-414: The plan but announced no new developments. Fundraising efforts had lagged while costs for the project had risen to an estimated $ 150 million. Crain's Chicago Business cited unnamed park officials who said that the museum will likely stay in its current location. At the same time, the Chicago Park District also awarded contracts to begin repairs on the garage under Daley Bicentennial Plaza. On October 25, 2011,

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594-443: The planned shopping centre format was developed by Victor Gruen in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, and to draw retail traffic that would result in visits to the smaller shops in the centre as well. Anchors generally have their rents heavily discounted, and may even receive cash inducements from the centre to remain open. Early on, grocery stores were

621-624: 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

648-543: 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

675-641: 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

702-525: 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

729-479: 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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