The discount department store T.J. Maxx was founded in 1977 in Framingham Massachusetts. Founder, Bernard Cammarata after selling the original title Zayre he renamed the store T.J. Maxx in companies. Under the same ownership are its sibling retail stores, Home Goods, Marshalls, and Sierra Trading Post are all U.S. based. T.J. Maxx has three Canadian based store which are Winners, Home Sense, and Marshalls. Also, with a T.K. Maxx in Australia and Europe having an T.K. Maxx and a Home Sense you can see how the company has grown internationally. These merchandising giants are the home of brand name discount family apparel, home fashion and other quality merchandise that’s generally priced below specialty store prices. As one of the largest department
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Maxx does not have a formal policy that regards Board Diversity but the company does take into several factors when considering taking on new members. “These factors include geographic, gender, age, ethnic and racial diversity as well as diversity of experience- e.g., a general understanding of disciplines relevant to the success of a large and complex publicly traded company in today’s business environment”. (TJX Board of Directors) Executives are required to be knowledgeable and experienced in how a large and publicly traded company operates, professional leadership experience, and teamwork qualities to able to participate on a corporate board. T.J. Maxx companies deal with an extremely high level of diversity highly encouraged to share their perspectives and viewpoints. Diversity is at the core of T.J. Maxx company’s day to day operations and is instrumental in the progression of the …show more content…
Maxx can appear to be an attractive investment when reviewing their track record. The retail giant is always looking forward toward the future and growth opportunities. Their management team seems to be proven due to the company’s significant amount of growth over the past decades. I really like the fact that the company values diversity as the core of all of it operations. In my opinion, having such a diverse management team will help produce new ideas among the company in which will create several new markets and gathering new customers. Off-priced department stores with a loyalty program is attractive for the customer and the business. This will allow customers to receive incentives for shopping in these stores and add value to the retailer by giving them an idea of what products the customers buy the most. Loyalty programs provide more predictability for the company’s
Maxx does not have a formal policy that regards Board Diversity but the company does take into several factors when considering taking on new members. “These factors include geographic, gender, age, ethnic and racial diversity as well as diversity of experience- e.g., a general understanding of disciplines relevant to the success of a large and complex publicly traded company in today’s business environment”. (TJX Board of Directors) Executives are required to be knowledgeable and experienced in how a large and publicly traded company operates, professional leadership experience, and teamwork qualities to able to participate on a corporate board. T.J. Maxx companies deal with an extremely high level of diversity highly encouraged to share their perspectives and viewpoints. Diversity is at the core of T.J. Maxx company’s day to day operations and is instrumental in the progression of the …show more content…
Maxx can appear to be an attractive investment when reviewing their track record. The retail giant is always looking forward toward the future and growth opportunities. Their management team seems to be proven due to the company’s significant amount of growth over the past decades. I really like the fact that the company values diversity as the core of all of it operations. In my opinion, having such a diverse management team will help produce new ideas among the company in which will create several new markets and gathering new customers. Off-priced department stores with a loyalty program is attractive for the customer and the business. This will allow customers to receive incentives for shopping in these stores and add value to the retailer by giving them an idea of what products the customers buy the most. Loyalty programs provide more predictability for the company’s