TJX to Close A.J. Wright Division
Posted on December 10, 2010 by
FRAMINGHAM, Mass.--The TJX Cos. will close down its A.J. Wright chain of off-price apparel and home-fashions stores by early next year.
The company will permanently close 71 A.J. Wright stores and convert the remaining 91 in the chain to T.J. Maxx, Marshalls and HomeGoods locations. All A.J. Wright locations will be closed between late January and early February, and it will take about eight weeks for it to convert the locations it is keeping, during which they will remain closed. TJX will also shutter A.J. Wright's two distribution centers and its home office, and the move will result in the elimination of about 4,400 positions in the company.
The TJX statement said this move will allow the retail company to concentrate on businesses that are more profitable and that have "major growth potential." Carol Meyrowitz, president and chief executive officer, said that "we have learned how to serve the A.J. Wright customer with our T.J. Maxx and Marshalls banners, and have seen very strong performance from these stores in demographic markets similar to those in which we have A.J. Wright stores."