All TK Maxx & TJX articles

  • senior-director-job-function-prospect
    Prospect People

    Michael Munnelly

    TK Maxx

    President at TKMaxx (TJX Europe)

  • Michael Munnelly, TJX Europe
    News

    TJX Europe names new boss as Greenlees takes on global role

    2022-05-30T10:46:00Z

    TK Maxx and Homesense owner TJX Europe has unveiled two major changes to its senior leadership team. 

  • diversity-inclusion
    Be Inspired

    M&S, Kingfisher and Lidl back major retail I&D programme

    2022-01-17T06:00:00Z

    Fifteen major retailers and brands have joined forces with Be Inspired, Retail Week’s six-year-old diversity initiative to promote inclusivity across the industry in 2022 and beyond.

  • strategy-prospect
    Prospect Analysis

    TK Maxx (Strategy)

    TK Maxx

    Whilst some of the shift in spend to online caused by the Covid-19 pandemic is expected to be permanent, TK Maxx remains committed to its bricks-and-mortar estate but is giving priority to the Homesense brand. However, TK Maxx is planning to launch a transactional website for the Homegoods brand in the US during 2021.

  • store-strategy-prospect
    Prospect Analysis

    Stores at TK Maxx

    TK Maxx

    Rapid expansion has taken the overall UK network to 425 stores – 349 trading under the well-established TK Maxx fascia and a further 76 as the more recently developed Homesense brand –spread across each constituent country and the Isle of Man.

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at TK Maxx

    TK Maxx

    TK Maxx has a relatively unique business model for the fashion sector – instead of ordering product well in advance, operating about two seasons a year, its buyers purchase stock throughout the year depending on the opportunities they come across. As a result, its technology is used to create a flexible environment that can cope with widely varying stock that changes quickly.

  • swot-analysis-prospect
    Prospect Analysis

    TK Maxx (SWOT)

    TK Maxx

    Strengths Parentage – TK Maxx is an off-price discounting pioneer which generated total group sales of £25.1bn during the 2020 financial year. Whilst its performance in this challenging year was impacted by the Covid-19 pandemic, its 4,500 stores and burgeoning online operations should help in its recovery. Flexibility – TK ...

  • TK Maxx
    Prospect Analysis

    TK Maxx (Overview)

    TK Maxx

    TK Maxx is an off-price apparel and homewares retailer owned by the US-based TJX Companies. The group shares some brands across operating territories whilst others, such as Winners and Marshalls, only exist in North America.

  • people-overview-prospect
    Prospect Analysis

    TK Maxx (People)

    TK Maxx

    TK Maxx is headquartered in Watford and this base oversees all European operations. Former chief operating officer Michael Munnelly is heading up the territory as its president from mid-2022. 

  • ceo-job-function-prospect
    Prospect People

    Louise Greenlees

    TK Maxx

    Group president at TK Maxx

  • financial-analysis-prospect
    Prospect Analysis

    TK Maxx (Financials)

    TK Maxx

    TK Maxx suffered grave difficulties during the 2020 financial year as the Covid-19 pandemic highlighted the retailer’s dependency on its bricks-and-mortar estate. This saw its pre-tax profits crash by 98% and margin haemorrhage over 10 points to just 0.3% for the year.

  • ecommerce-strategy-prospect
    Prospect Analysis

    Ecommerce at TK Maxx

    TK Maxx

    TK Maxx has revealed it will launch a transactional Homegoods website during 2021. The retailer believes each brand will eventually follow in suit, but maintains that online sales should “be incremental, not at the expense of our brick-and-mortar business” and thus development will likely be slow.

  • customer-marketing-strategy-prospect
    Prospect Analysis

    Customer and marketing at TK Maxx

    TK Maxx

    TK Maxx mostly focuses its advertising on its own retail proposition and “style on a budget” credentials but it has also developed campaigns which encourage customer individuality in a shift away from its value-focused approach. 

  • supply-chain-strategy-prospect
    Prospect Analysis

    Supply chain at TK Maxx

    TK Maxx

    TK Maxx operates over 20 distribution centres across six countries and many of its larger sites featuring custom built automation to supply its stores – carrying an average of over 50,000 product lines and 10,000 new lines arriving weekly – with a continuous supply of new on-trend products.

  • online-digital-job-function-prospect
    Prospect People

    Catherine Hall

    TK Maxx

    Vice president, ecommerce director at TK Maxx

  • senior-director-job-function-prospect
    Prospect People

    Gerry Callanan

    TK Maxx

    European expansion director, TJX Europe at TK Maxx

  • outlook-analysis-prospect
    Prospect Analysis

    TK Maxx (Outlook)

    TK Maxx

    TK Maxx looks to be developing a serious online strategy after its financials came under severe pressure due to the effects of the Covid-19 pandemic.

  • Diverse crowd of people at protest
    News

    Leading retailers pledge to take action on diversity and inclusion in 2021

    2020-12-14T06:00:00Z

    Following a year where business’ D&I agendas have come under scrutiny, 16 brands including M&S, New Look and Sainsbury’s Argos have partnered with Retail Week’s Be Inspired programme to promote diversity and empower their teams.

  • TK Maxx Christmas ad 2020
    Video

    Watch: TK Maxx Christmas ad acknowledges ‘hard year’

    2020-11-04T17:20:00Z

    TKMaxx’s Christmas ad encourages customers to buy gifts for everyone, even the goat, after a tough year for all.

  • Lavinia Cretul
    News

    Retail staff receive financial support from industry’s CaRe20 appeal

    2020-05-06T05:00:00Z

    Ted Baker senior sales assistant Lavinia Cretul and TJX Europe worker Paige Norris are among the first beneficiaries of the CaRe20 fund established by the retailTRUST, the BRC and RWRC – home of Retail Week and the World Retail Congress