Marshalls is a chain of American off-price department shops owned by TJX Companies. Marshalls has over one thousand American stores, like bigger stores named Marshalls Mega Store, covering 42 states and Puerto Rico, and Sixty one stores in Canada. Marshalls first expanded 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 buying Bernard Goldston’s shares), to collectively launch the “Brand Names 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 mall in Beverly, Massachusetts, offering apparel and homewares at alluringly affordable prices. Additional floor area was “sublet” to offer customers shoes, hardware, and sporting goods from separate sellers, nevertheless the separate ownership of the departments was invisible for the shopper. The initial store also enjoyed a soda fountain/grill… another sublet of floor space, the “A & M Luncheonette” (for Alice & Mickey Masters, the proprietors).
The idea proved extremely successful; 10 years later, Marshalls opening hours had end up being the leading off-price retail chain inside the nation. Due to the volatility in the American economy within the 1970s, with recession affecting the spending habits of many shoppers, the off-price industry gathered speed. By purchasing up manufacturers’ post-season, overrun, and close-out stock, Marshalls managed to offer fashionable, high-quality “designer” items at prices 20 to 60 % under 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 its 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 a similar footprint through the country. Whilst the two operate at near-identical price points and have similar store layouts, Marshalls differentiates itself by with a larger focus 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 for you to employees in certain roles performing non-exempt job duties, as required by the government Fair Labor Standards Act.