Marshalls [SEP] parent company
Marshalls
Marshalls is a chain of American off-price department stores owned by TJX Companies. Marshalls has over 1,000 American stores, including larger stores named Marshalls Mega Store, covering 42 states and Puerto Rico, and 61 stores in Canada. Marshalls first expanded into Canada in March 2011. Marshalls is the U.S.'s second largest off-price family apparel and home fashion retailer, behind its sister company, TJ Maxx. Its slogans are "Your Surprise Is Waiting" and "Never Boring, Always Surprising".
History
, Marshalls was acquired by Melville Corporation (owner of CVS) and experienced tremendous growth from 1977 into 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's predecessor, Zayre, hired former Marshalls executive Ben Cammerata to create a Marshalls clone.
Marshalls and T.J. Maxx operate as sister stores, and