TJX
Runs stores that sell brand-name clothes and home goods at marked-down prices.
📖 Its story
In 1956, the Feldberg family opened some discount stores in Massachusetts called Zayre. In 1976 they created T.J. Maxx, a store with brand-name clothes at good prices, run by Bernard Cammarata. In 1987 TJX was born, and today it also owns Marshalls and HomeGoods.
💵 How it makes money
It buys leftover brand-name clothes and goods at good prices and sells them at a discount in its stores.
🤯 Fun fact
In Europe, T.J. Maxx is called TK Maxx.
👍 The good part
People love finding cheap 'treasures,' even when times are tough.
⚠️ The risk
It competes with online stores and depends on finding good, cheap merchandise every season.
🧠 Did you get it?
Which of these stores belongs to TJX?
🗂️ Quick facts
- Founded in: 1956
- Founded by: The Feldberg family (Zayre); Bernard Cammarata created T.J. Maxx
- Home: Framingham, Massachusetts
🔎 How to find it on the stock market
- Search the internet for TJX stock.
- You can also find it in your parents' investing app with the letters TJX.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in TJX. Ask your mom or dad to join the list.
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