is ross and tj maxx the same company
Business Insider described TJ Maxx as ``Macy's worst nightmare'' in an oft-quoted 2016 article by Mallory Schlossberg. In a later article Schlossberg also reported on how TJ Maxx's soaring sales ``should be concerning for ailing department stores that are fighting to get people to pay full price.'' As off-price retailers are becoming an increasing threat to traditional department stores, signaling a change in consumer buying habits, TJ Maxx's revenue grew to surpass that of Macy's. According to The Economist, ``the overheads at TJX and Ross are, as a percentage of sales, about half those of Macy's or Nordstrom'' and Fortune stated that ``the quicker inventory turn and the sense that an item on a rack might not be there the following week at a TJ Maxx or a Marshalls has led to a boom in this area of retail and made such stores a rarity in the business: shoppers are coming to stores.''
TJ Maxx