Retail Landscape Shifts: Two Major Discount Stores in Chicago Set to Close Due to Challenges
Unfortunate news has surfaced as both TJ Maxx and Marshalls, owned by TJX Companies, are set to close one of their stores each on January 6, 2024. The decision to close these stores was based on a thorough assessment of real estate strategies by the company.
Monica Crocetti, a spokesperson for TJX Companies, expressed gratitude for the loyalty of Chicago customers and encouraged them to visit nearby stores to continue finding great values. The closures will impact 100 staff members, but they will be offered positions at other TJ Maxx or Marshalls stores in Chicago.
Despite having over 1000 stores across the United States, both discount brands, like many other retail businesses, are grappling with increasing challenges, raising concerns about potential future closures.
List of Closing Stores:
- 1008 South Canal Street
- 7507 North Clark Street
In addition to the two officially announced closures, Express reports that four more stores in Chicago are also at risk of closing next year. The following locations are scheduled for potential closure:
- 11 North State Street
- 2739 N Clark St, Chicago
- 3262 West Belmont Ave
- 4932 South Kedzie Ave
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