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T.J. Maxx is often considered the last resort retailer, taking inventory other stores couldn’t sell. But one analyst said its reputation is changing.Off-price retailers like T.J. Maxx and Marshalls, which are both owned by TJX Companies, buy excess apparel, accessories, and home goods from department stores and specialty retailers and sell them at discounted prices. Typically, brands send the merchandise to off-price retailers if they’ve purchased too much or when it’s out of season. TJX general…
2 months ago
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In her 20 years as a corporate image consultant, Michelle Sterling has styled surgeons, tech workers, executives, investment bankers, and young, aspiring executives. She is the owner of Global Image Group and teaches online courses through the Sterling Style Academy.The following has been edited and condensed for clarity.I’ve always loved shopping. I go shopping every day.My first official retail job was at Express, then I worked for Armani Exchange. I was making so much money before I even went…
3 months ago
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More people are taking on side hustles as a way to earn extra income and set their own hours.Amazon Flex is one way to start a side hustle with just an app on your phone and a personal vehicle.The e-commerce giant introduced the program in 2015, as more people signed up for gig work they could perform with their cars like Uber and Doordash.Amazon Flex drivers help the company complete its last-mile deliveries, or packages reaching their final destinations at customers’ doorsteps. These deliverie…
3 months ago
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America’s doorsteps would look different without Amazon’s 275,000 delivery drivers.Drivers typically have between 170 and 350 packages to deliver per shift, depending on their location.Just like Uber and Doordash drivers, Amazon delivery drivers are not employees of the company they work for.Amazon drivers are independent subcontractors from third-party courier companies known as Delivery Service Partners. These logistics firms work out of Amazon shipment facilities and employ the drivers, while…
3 months ago
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Among the stores Gen Z shops the most, Sephora and Ulta are neck-and-neck for the top beauty stores.Piper Sandler’s bi-annual survey ranks the top brands among Gen Z. Ulta was the top beauty shopping destination for the last few periods. But in the most recent survey, Sephora moved to the number one slot.The change could be due to the income level of the survey respondents, Sandler’s analysts noted. This year’s respondents leaned more toward high-income than previous years. The analysts said the…
3 months ago
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TJX, the parent company of TJ Maxx, Marshalls, and HomeGoods brands, is closing stores in Brooklyn, the Bronx, and Chicago.According to local news reports and WARN notices filed by TJX Companies, at least three stores will close in January.The closures come as the company reassesses its real estate strategies, a TJX spokesperson told Bronx News 12.TJX filed a WARN notice on October 25 to notify the state of New York that it would be closing a TJMaxx store in Brooklyn and a Marshalls store in the…
3 months ago
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Early this year, Amazon saw the largest job cuts in its history when it laid off 18,000 workers in January.Amazon was just one of many tech companies doing layoffs, resulting from shifts in economic conditions, organization restructuring, cost cutting, and broader strategic decisions.Most of Amazon’s 1.5 million employees work in warehouses, but some of the company’s layoffs affected jobs in its corporate operations. The company has also implemented hiring freezes alongside some of the layoffs.H…
3 months ago
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You know a brand has reached cult-following status when a loyal customer makes it an all-out party theme.Stella, a California teen, loves beauty and makes TikTok videos trying out different products. So it was natural that her bat mitzvah was inspired by her favorite makeup brand, Glossier.“She was doing a lot of Glossier reviews,” her mom, Alexx, told Insider. “She was always asking me to go to the Glossier store.” (The family was granted a request to use first names only because they feared fo…
3 months ago
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Behind the glitz and glamor of celebrity apparel brands like Skims, Good American, and Brady, there’s a powerhouse couple with a resume and investment portfolio worth millions.Emma and Jens Grede are founders, investors, and tastemakers in the fashion industry with connections from London to Hollywood. The European couple has co-founded seven brands between them. The most successful, Kim Kardashian’s shapewear and apparel brand Skims, has raised $701 million in total venture capital according to…
3 months ago
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Chip City recently opened locations in Miami Beach, Florida, and Fairfield, Connecticut, and is rapidly expanding to new cities.The cookie chain, known for its unique and seasonal flavors from peanut butter and jelly to pumpkin spice latte, was founded in 2017 by Peter Phillips and Teddy Gailas.The founders had humble expectations for the business. “Our original business plan was to sell 100 cookies a day,” CEO Phillips told The Food Institute. “We got some good press, and things really took off…
3 months ago
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HomeGoods is shutting down its online store.The discount home decor chain, which is owned by TJX Companies, sent an email to customers Wednesday announcing that it would stop offering online shopping after October 21.“We’ve made the decision to focus our resources on our brick-and-mortar stores,” the email message said, while adding that it would be announcing “many new store openings.“HomeGoods sells off-price furniture, lamps, art, and other decor. It’s well known for the treasure-hunt experie…
3 months ago
