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several important things: we substantially reduce the number of advertising markets in which we operate, enabling us to better lever marketing dollars and efforts; we gain efficiencies in store operations and logistics; and we have greater ability to focus management attention and resources on the bulk of AJWright stores that are performing well, so that we can build upon that base and grow successfully.
162:, AJWright sold clothing, domestics, giftware, footwear, accessories, and fragrances at prices between twenty and seventy percent below regular prices. AJWright differed from other TJX chains by refreshing its merchandise on a regular basis. For most stores, new shipments arrived every weekday. In early 2011, TJX closed the chain's remaining stores and converted some stores to other TJX brands.
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In our ongoing pursuit to drive profitable sales, we have made a strategic decision that we believe makes AJWright a stronger business and puts it in a substantially better position for future growth. By closing 34 of the 162 AJWright stores, we eliminate marginally profitable stores and accomplish
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37 million in their fourth quarter 2006 net income statement. On
February 21, 2007, TJX reported that the net income had fallen from $ 288.7 million the previous year to $ 205.5 million; the reduction included the $ 37 million closing expenses. The company expected to open about ten new stores by
225:
On
November 30, 2006, TJX announced the closure of 34 underproducing stores. According to a TJX 10-Q on December 1, 2006, the closures were determined by "several factors, including market demographics and proximity to other AJWright stores, cash return, sales volume and productivity, recent
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AJWright continued to open new stores as its customer base increased. By 2000, AJWright operated 25 stores across the United States; by
December 2001, the number had increased to 40. The chain opened an additional 112 stores by the end of 2005, bringing its total to 152; however, this number
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202:'s marketing director, Mark Neckes, approved of AJWright; he stated that AJWright strengthens TJX's coverage of urban markets, an area "where people need a place to shop a place where retailers understand what people are looking for".
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Although moderate-income families were AJWright's main target market, other consumer groups were drawn by the company's recent expansion. The company's community service strategy centered on monetary donations to the
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251:. Although TJX originally stated that the security breach occurred between May 2006 and January 2007, the company discovered that the database had also been compromised in 2005.
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AJWright opened its first six stores in the northeastern region of the United States in the fall of 1998. The first three stores – located in the towns of
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stores, while the remaining were permanently shuttered along with distribution centers. The entire process resulted in approximately 4400 layoffs.
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The tentative closure date for the stores was
January 27, 2007. Because of closing expenses, TJX expected to include a reduction of
472:"Resilient Record Bodes Well For Off-Price Leader - The Super Growth Leaders - TJX Cos - Brief Article - Statistical Data Included"
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stores and the non-off-price Bob’s Stores". Therefore, the company chose to focus on lowering the rapid expansion of the chain.
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announced a consolidation that would eliminate the A.J. Wright chain. Many A.J. Wright stores were converted into
612:"The TJX Companies, Inc. Reports In-Line November 2006 Sales; Repositions A.J. Wright Division for Future Growth"
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210:" and that TJX needed to "figure out the future of its newer divisions, the less profitable AJWright and
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comparable store sales and profit trends, and overall market performance". Employees were provided with
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or offers to transfer to other AJWright or TJX stores. Ben
Cammarata, CEO of TJX Companies, stated:
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198:– were opened simultaneously on September 20 of that year. During the initial openings,
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fluctuated due to store closures. In 2006, one business article stated that AJWright was "
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Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
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During this period, the TJX database was hacked and customer information was
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417:"TJX Annual Report (Regulation S-K, item 405) (10-K405) ITEM 1. BUSINESS"
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446:"TJX opens first three A.J. Wright locations (Discount Store News)"
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https://www.npr.org/templates/story/story.php?storyId=131960508
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92:, other stores closed beginning late January to early February
664:"TJX profit declines, weighed by charge from closing stores"
502:. Worcester Business Journal. 2006-05-29. Archived from
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689:"Banks replace check cards after hacking at T.J. Maxx"
448:. Lebhar-Friedman, Inc. and Gale Group. Archived from
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retail/outlet stores established in 1998 and owned by
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285:"A whole lot more for a whole lot less. Every day."
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532:. Lebhar-Friedman, Inc. 2006-11-30. Archived from
221:One of the 34 stores undergoing closing procedures
710:"PC World - Retailer Reports Massive Data Theft"
666:. Boston Herald.com. 2007-02-21. Archived from
586:. The Post-Standard. 2006-12-07. Archived from
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759:Demographics breakdown for the company website
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279:"Part of your family. Part of your community."
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950:Companies based in Framingham, Massachusetts
940:Defunct discount stores of the United States
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638:. CNN Money.com. 2007-02-21. Archived from
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955:Defunct companies based in Massachusetts
555:"TJX Investor Information - SEC Filings"
945:Retail companies disestablished in 2011
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182:AJWright's former logo, used until 2009
930:American companies established in 1998
584:"Dollar General won't cut rural ties"
150:until 2009) was a chain of about 129
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935:Retail companies established in 1998
716:from the original on 20 January 2007
530:"TJX to close 34 A.J. Wright stores"
84:Some stores converted to either ],
282:"More of what you like, for less."
25:
691:. Wausau Daily Herald. 2007-01-18
331:"About Our Company - A.J. Wright"
168:Boys & Girls Clubs of America
36:
754:TJX Companies Official Website
474:. FindArticles. Archived from
419:. Edgar Online. Archived from
200:Johnson & Wales University
1:
394:. A.J. Wright. Archived from
369:. A.J. Wright. Archived from
561:. 2006-12-01. Archived from
500:"Taking TJX back to the max"
614:. Business Wire. 2006-11-30
27:American off-price retailer
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158:. Like its sister company
749:AJWright Official Website
470:Duff, Mike (2001-12-10).
444:Duff, Mike (1998-10-05).
131:Archived official website
101:Framingham, Massachusetts
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712:. PC World. 2007-01-18.
636:"TJX's net income slips"
392:"A.J. Wright Community"
146:(formerly formatted as
367:"A.J. Wright About Us"
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170:and other affiliates.
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196:Malden, Massachusetts
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137: (archive index)
860:BJ's Wholesale Club
642:on 24 February 2007
296:BJ's Wholesale Club
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398:on 19 January 2007
373:on 19 January 2007
341:on 20 January 2007
254:In December 2010,
228:severance packages
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16:(Redirected from
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802:Current assets
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848:Former assets
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670:on 2024-05-24
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559:TJX Companies
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536:on 2007-09-28
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888:Trade Secret
865:Bob's Stores
854:
729:
718:. Retrieved
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693:. Retrieved
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672:. Retrieved
668:the original
644:. Retrieved
640:the original
616:. Retrieved
592:. Retrieved
588:the original
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567:. Retrieved
563:the original
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538:. Retrieved
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508:. Retrieved
504:the original
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476:the original
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97:Headquarters
45:Company type
249:compromised
148:A.J. Wright
18:A.J. Wright
919:Categories
897:Key people
879:StyleSense
720:2007-01-21
695:2007-01-21
674:2007-02-22
646:2007-02-22
618:2007-01-20
594:2007-01-20
569:2007-01-12
540:2007-01-20
510:2007-01-21
482:2007-01-21
456:2007-01-21
427:2007-01-21
402:2007-01-20
377:2007-01-20
345:2007-01-20
312:References
208:in the red
192:Somerville
49:Subsidiary
819:Marshalls
814:HomeSense
809:HomeGoods
301:Home Club
268:HomeGoods
264:Marshalls
260:T.J. Maxx
212:HomeGoods
160:T.J. Maxx
90:HomeGoods
86:Marshalls
875:The Maxx
870:HomeBase
855:AJWright
714:Archived
290:See also
188:Brockton
152:American
144:AJWright
107:Products
55:Industry
31:AJWright
839:Winners
829:TK Maxx
824:TJ Maxx
274:Slogans
174:History
133:at the
127:Website
73:Defunct
65:Founded
834:Sierra
244:2008.
194:, and
116:Parent
59:Retail
883:Zayre
306:Zayre
81:Fate
76:2011
68:1998
266:or
256:TJX
88:or
921::
655:^
627:^
603:^
557:.
519:^
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333:.
320:^
262:,
241:$
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20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
