According to the Marshalls website, the company buys its merchandise in various ways, taking advantage of department store cancellations, end-of-season closeouts, manufacturer overproduction and store overstocks. Marshalls also has its own manufacturers and designers that contribute to the chain's merchandise.Continue Reading
Because Marshalls buys from multiple sources with a team dedicated to searching for the best possible prices, it is able to offer customers merchandise at discounted prices. Also, it does not offer promotions, run sales or give away coupons. This helps keep prices low.
Marshalls buyers are constantly buying, which means the store is able to bring in new merchandise multiple times a week. In addition, Marshalls buyers purchase merchandise from various markets, targeting a mixture of big names, small stores and up-and-coming brands.
Marshalls was started in the 1950s by Alfred Marshall. With the help of two investors, Marshall expanded his grocery store in Beverly, Massachusetts, to the first Marshalls off-price department store. Marshall later sold his share of the business in 1976. TJX acquired the company in 1995.
As of 2015, TJX operates Marshalls, T.J. Maxx and HomeGoods in the United States, as well as T.K. Maxx and HomeSense in Europe. Marshalls is known for its wide array of brand-name clothes, shoes and home decor, and its discount prices.Learn more about Corporations