Marshalls/T.J Maxx/Homegoods

Marshalls, T.J. Maxx, and HomeGoods are among the most recognized off-price retail brands in North America, all operating under the ownership of TJX Companies, Inc. Marshalls began in 1956 in Beverly, Massachusetts, when Alfred Marshall and his partners introduced a new way to shop for brand-name goods at lower prices. This concept quickly resonated with shoppers and laid the foundation for a retail format that would grow nationwide. In 1995, Marshalls joined the TJX family, which already included T.J. Maxx, a retailer founded in 1977 with a similar focus on value-driven fashion and home products. HomeGoods entered the scene in 1992, expanding TJX’s reach into home furnishings and décor.

As of November 2025, these three banners collectively operate 3,460 stores across the United States, Canada, and Puerto Rico. Marshalls has over 1,230 locations, T.J. Maxx exceeds 1,300 stores, and HomeGoods operates more than 900 stores. The brands have maintained a steady pace of growth over the past five years, with new stores opening in markets such as Iowa, California, Ohio, Mississippi, and Arkansas. This ongoing expansion includes both new builds and relocations, reflecting a commitment to refreshing the store base and entering high-traffic shopping centers in both urban and suburban settings.

TJX Companies is headquartered in Framingham, Massachusetts, and is known for its disciplined approach to site selection and real estate strategy. All Marshalls, T.J. Maxx, and HomeGoods locations are corporately owned and operated, ensuring consistency in operations and merchandising. The brands are frequently chosen as anchor tenants in retail developments due to their ability to draw consistent foot traffic and deliver reliable sales volume. Their flexible store formats allow them to adapt to a wide range of property types and market sizes, making them a fit for both established centers and redevelopment projects.

Over the last five years, TJX Companies has continued to invest in growth, with a robust pipeline of new sites and a focus on priority markets including California, Iowa, Ohio, Mississippi, Arkansas, and New York. The company’s ongoing expansion, even in a shifting retail landscape, underscores its reputation as a stable and sought-after retail partner. Marshalls, T.J. Maxx, and HomeGoods remain key players for landlords and developers looking to attract strong, traffic-driving tenants to their properties.