Marshalls - Fashion Company Profile
Marshalls is the off-price chain founded in 1956 by Alfred Marshall - the older of TJX's two Marmaxx sisters, bought from Melville in 1995, and the one whose footwear departments fill the back wall.
Company Snapshot
- Status
- Operating - more than 1,200 stores in the United States, plus Marshalls stores in Canada
- Type
- Division of The TJX Companies, Inc. (NYSE: TJX), in the Marmaxx division alongside TJ Maxx; acquired by TJX in 1995
- Headquarters
- Framingham, Massachusetts, United States (TJX headquarters)
- Founded
- 1956 in Beverly, Massachusetts, by Alfred Marshall
Company Profile
Marshalls is a retailer, so this page carries no marketplace shop box; its own stores and site, linked above, are the catalogue. The chain the record describes at 748 stores has grown past 1,200 in the U.S. and crossed into Canada in 2011, still paired with TJ Maxx in the Marmaxx division and still differentiated the way TJX's own text differentiates it: the same brands at the same 20-to-60-percent promise, with more shoes.
The Marshalls chain operated 748 stores at the end of 2006, averaging approximately 32,000 square feet, and 'continues to grow in many markets across the U.S. and through merchandise opportunities, including further footwear expansions.' Prices follow the family formula: brand name merchandise at 20 to 60 percent less than department and specialty store regular prices, refreshed constantly.
Founded in 1956, Bought by Its Old Rival in 1995
Marshalls predates off-price as a category: Alfred Marshall founded the chain in 1956 in Beverly, Massachusetts, building a self-service department store group that passed to the Melville Corporation in 1976. There is a pleasing irony in its ownership - Zayre, TJ Maxx's parent, once tried to buy Marshalls, failed, and built TJ Maxx instead; in 1995 TJX finally acquired Marshalls from Melville for $606 million and paired the two rivals in the Marmaxx division.
The pairing worked: Marshalls today counts more than 1,200 stores in the United States, and the banner crossed into Canada in 2011 under TJX Canada. The footwear-first difference in its 2006 description is still the easiest way to tell the sisters apart on the shop floor.
Common Questions
When was Marshalls founded, and who owns it?
Alfred Marshall founded Marshalls in 1956 in Massachusetts. TJX acquired the chain from Melville Corporation in 1995 for $606 million and runs it alongside TJ Maxx in the Marmaxx division.
How is Marshalls different from TJ Maxx?
Their assortments are very similar - brand-name family apparel and home fashions at 20-60% off regular prices - but Marshalls emphasizes expanded footwear assortments for the whole family and a broader men's department, per TJX's own chain descriptions.
How many Marshalls stores are there?
More than 1,200 in the United States, plus a Canadian chain launched in 2011 - against 748 U.S. stores at the end of 2006 in the record kept in this profile.
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