Welcome! Login | Register
 

Woman Dies in Fitchburg House Fire—Woman Dies in Fitchburg House Fire

Horowitz: Clinton Soundly Defeats Trump in First Debate—Horowitz: Clinton Soundly Defeats Trump in First Debate

MA Ranked 2nd Best State in Country for Teachers—MA Ranked 2nd Best State in Country for…

Fecteau: About Clinton’s Damn Emails—Fecteau: About Clinton’s Damn Emails

Organize + Energize: 4 Reasons Why I don’t Post Before & After Pictures—Organize + Energize: 4 Reasons Why I don’t…

MA Gas Prices Down 2 Cents From Last Week—MA Gas Prices Down 2 Cents From Last…

Cheat Sheet 59, FBI Files: Coia’s Relationship with Patriarca, FBI and the Clintons—Cheat Sheet 59, FBI Files: Coia’s Relationship with…

16-Year-Old Boy Shot in Worcester—16-Year-Old Boy Shot in Worcester

Man Dies Following Motorcycle and Pickup Truck Accident in Worcester—Man Dies Following Motorcycle and Pickup Truck Accident…

Two Teenagers Arrested After Breaking Into Worcester Home—Two Teenagers Arrested After Breaking Into Worcester Home

 
 

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.