Welcome! Login | Register
 

Seven Arrested During “Worcester Anti-Fascism Group” Demonstration—Seven Arrested During "Worcester Anti-Fascism Group" Demonstration

Youth Jobs Rally to Take Place on Thursday at State House—Youth Jobs Rally to Take Place on Thursday…

Horowitz: Enemy of the People—Horowitz: Enemy of the People

Organize + Energize: 8 Things Not to do When Packing for Vacation—Organize + Energize: 8 Things Not to do…

Seven Officers to Graduate From Worcester Police Mounted Patrol Unit Tuesday—Seven Officers to Graduate From Worcester Police Mounted…

Worcester Man Arrested for Stabbing—Worcester Man Arrested in Connection With Madison Street…

Weiss: Overhauling Social Security & Medicare Gets ‘Thumbs Down’ in Recent Poll Findings—Weiss: Overhauling Social Security & Medicare Gets 'Thumbs…

Fecteau: Chafee’s Wrong on Russia—Fecteau: Chafee’s Wrong on Russia

Champion Reaches 1,000 Career Points Milestone, Holy Cross Beats American 69-54—Champion Reaches 1,000 Career Points Milestone, Holy Cross…

Smart Benefits: Five Ways to Avoid National Origin Discrimination Claims—Smart Benefits: Five Ways to Avoid National Origin…

 
 

AJ Wright Stores to Close

Friday, December 10, 2010

 

TJX Corporation announced today that it would be closing the AJ Wright stores throughout the US. This will affect RI stores in Cranston and East Providence.

According to the announcement, the action will involve transforming 91 A.J. Wright stores into T.J. Maxx, Marshalls or HomeGoods stores and by closing the remaining 71 stores, A.J. Wright’s two distribution centers and its home office. This action is expected to improve the overall profitability of the Company, and will allow TJX to focus its managerial and financial resources.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., said in a release, “While I believe this move makes us a much stronger company and will benefit TJX in both the near-term and long-term, it was not an easy decision as many positions will be eliminated and it will be difficult for our affected Associates. As a Company, however, it will allow us to focus our financial and managerial resources on our highest return businesses, all of which have significant growth opportunities, as well as to significantly improve the economic prospects of our business. A critical factor in this decision is that, over the past two years, we have learned how to serve the A.J. Wright customer with our T.J. Maxx and Marshalls banners and have seen very strong performance from these stores in demographic markets similar to those in which we have A.J. Wright stores.

 

Enjoy this post? Share it with others.

 

X

Stay Connected — Free
Daily Email