Discount retailer TJX will close its A.J. Wright discount chain after the holidays, and reopen roughly half of the 162 stores as either T.J. Maxx or Marshalls locations.
A.J. Wright opened in 1998, and offers similar merchandise and pricing to its sister stores, but it never performed as well, or attained the national presence of T.J. Maxx and Marshalls. It's not surprising that the concept is being killed, but the timing is unfortunate.For shoppers, it will mean great deals at liquidation prices (although don't expect to return anything). But for roughly 4,400 employees of A.J. Wright stores it likely will make for a grim holiday season.
More than half those positions are full time and close to 3,100 people will have jobs at the converted stores once they reopen as T.J. Maxx, Marshalls or HomeGoods stores, TJX said. In addition to the 71 stores slated to close forever, two distribution centers and A.J. Wright's home office will be shuttered.
Want to succeed? Then you need goals!View Course »