Marshalls is a chain of American off-price department shops belonging to TJX Companies. Marshalls has over 1,000 American stores, like larger stores named Marshalls Mega Store, covering Forty two states and Puerto Rico, and Sixty one stores in Canada. Marshalls first grown into Canada in March 2011. Marshalls is the U.S.’s second biggest 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.
Marshalls traces its history to 1956, when Alfred Marshall (February 28, 1919 – December 28, 2013) gathered a band of innovative entrepreneurs on the East Coast, including Bernard Goldston, Norman Barren, and Irving Blitt (Frank Estey and Bernard Ribas joined the entrepreneurs in 1960 by purchasing Bernard Goldston’s shares), to collectively start up the “Brands At A Lower Price” concept. Contemplating the dual postwar phenomena of the boom in the economy and increase in the suburbs, Marshall and associates came upon a means to meet it profitably. Together, they opened a self-service department shop in Beverly, Massachusetts, offering apparel and homewares at alluringly affordable prices. Additional floor area was “sublet” to provide customers shoes, hardware, and sporting goods from separate sellers, but the separate ownership of the departments was invisible to the shopper. The initial store also had a soda fountain/grill… another sublet of floor space, the “A & M Luncheonette” (for Alice & Mickey Masters, the proprietors).
The idea proved extremely successful; 10 years later, Marshalls christmas hours had get to be the leading off-price retail chain inside the nation. Because of the volatility in the American economy inside the 1970s, with recession affecting the spending habits of many shoppers, the off-price industry gathered speed. By purchasing up manufacturers’ post-season, overrun, and close-out stock, Marshalls was able to offer fashionable, high-quality “designer” items at prices 20 to 60 percent less than the ones from the department stores.
In 1976, Marshalls was acquired by Melville Corporation (owner of CVS) and experienced tremendous growth from 1977 in to 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 the main rival, TJ Maxx, for $606 million. TJ Maxx had originated when TJX’ predecessor, Zayre, hired former Marshalls executive Ben Cammerata to make a Marshalls clone.
Marshalls and T.J. Maxx operate as sister stores, and share a comparable footprint through the country. As the two operate at near-identical price points and also have similar store layouts, Marshalls differentiates itself by having a larger focus on family footwear and larger men’s and juniors departments. TJX paid US$100 million settlement in California pfazhk settle a staff member class-action suit in 2002, which alleged that Marshalls abused exempt/nonexempt classifications to prevent the payment of overtime or compensation time for you to employees in certain roles performing non-exempt job duties, as required by the government Fair Labor Standards Act.