Last week GlamChic had the opportunity to spend the day in Boston at the Marshalls/T.J.Maxx headquarters to get a lesson in off-price retail. And though we have always scoured their stores for great bargains, we never really knew how it all worked. Here's what we learned:
How They Buy: Buys travel the globe 40+ weeks a year to score great deals on current merchandise from over 12,000 vendors in 60 countries. Buying isn't done seasonally, which makes it easuer for Marshalls and T.J. Maxx to get their hands on the latest trends at the best prices.
No Sales Ever: Merchandise is always marked down up to 60% off so there is never any need for a sale. Twice a year whatever doesn't sell goes on clearance.
Quality Merchandise: Contrary to popular belief, over 95% of the merchandise is first quality. That means you won't end up with uneven sleeves or an irregular hemline. And the stores don't stock up on old goods, over 85% of the products are current season; past season merchandise is clearly marked as such.
On Trend and in Season Goods: We spotted a nautical striped Alice +Olivia top we'd been eying and a Vince soft leather jacket, which was reduced from $995 to $399. We love the T.J. Maxx Runway department, which offers designer merchandise at a fraction of the price--think Prada totes, Moschino dresses and Helmut Lang pants.
With a combined 1,720 stores nationwide, these two chains have tremendous buying power and lucky for us they continue to expand their reach. We hear a new Marshalls will be opening up on Sixth Avenue and 18th Street and a new T.J. Maxx is headed to Midtown this fall. We'll see you there! ~Nola Weinstein