Marshalls Stores – Could It Become Better Than This..

Marshalls is actually a chain of American off-price shops belonging to TJX Companies. Marshalls has over one thousand United states stores, including larger stores named Marshalls Mega Store, covering Forty two states and Puerto Rico, and 61 stores in Canada. Marshalls first grown into Canada in March 2011. Marshalls is the U.S.’s second biggest off-price family clothing and home fashion retailer, behind its sister company, TJ Maxx. Its slogans are Your Surprise Is Waiting and Never boring, Always Surprising.

Marshalls traces its history to 1956, when Alfred Marshall (February 28, 1919 – December 28, 2013) gathered a band of innovative entrepreneurs on the East Coast, including Bernard Goldston, Norman Barren, and Irving Blitt (Frank Estey and Bernard Ribas joined the entrepreneurs in 1960 by getting Bernard Goldston’s shares), to collectively launch the “Famous Brands At A Discount” concept. Contemplating the dual postwar phenomena of a boom inside the economy and increase in the suburbs, Marshall and associates came upon a way to meet it profitably. Together, they opened a self-service department shop in Beverly, Massachusetts, offering apparel and homewares at alluringly affordable prices. Additional floor space was “sublet” to provide customers shoes, hardware, and sporting goods from separate sellers, but the separate ownership of those departments was invisible for the shopper. The original store also had a soda fountain/grill… another sublet of floor area, the “A & M Luncheonette” (for Alice & Mickey Masters, the proprietors).

The idea proved extremely successful; a decade later, Marshalls Sunday hours had get to be the leading off-price retail chain in the nation. Due to the volatility from the American economy within the 1970s, with recession affecting the spending habits of the majority of shoppers, the off-price industry gathered speed. By buying up manufacturers’ post-season, overrun, and close-out stock, Marshalls managed to offer fashionable, high-quality “designer” items at prices 20 to 60 percent lower than those of the department stores.

In 1976, Marshalls was acquired by Melville Corporation (owner of CVS) and experienced tremendous growth from 1977 in to the 1980s. By 1993, Marshalls had expanded throughout 42 states including Hawaii, and had opened several downtown locations. In 1995, Marshalls was purchased by TJX, the parent company of the main rival, TJ Maxx, for $606 million. TJ Maxx had originated when TJX’ predecessor, Zayre, hired former Marshalls executive Ben Cammerata to make a Marshalls clone.

Marshalls and T.J. Maxx operate as sister stores, and share an identical footprint through the country. While the two operate at near-identical price points and possess similar store layouts, Marshalls differentiates itself by having a larger emphasis on family footwear and larger men’s and juniors departments. TJX paid US$100 million settlement in California pfazhk settle a worker class-action suit in 2002, which alleged that Marshalls abused exempt/nonexempt classifications in order to avoid the payment of overtime or compensation time to employees in some roles performing non-exempt job duties, as essental to the federal Fair Labor Standards Act.