Framingham, Mass. TJX Cos. said Tuesday that it will expand its Marshalls store chain into Canada, with plans to open six locations there initially and up to 100 stores ultimately.
The first Canadian unit is slated to open next spring, according to Carol Meyrowitz, president and CEO, who also said that TJX’s Canadian division has the retailer’s highest returns.
"Canada has been a very successful market for TJX since we first entered in 1990," she said in a statement. She noted that the Canadian market can ultimately support 90 to 100 Marshalls stores.
Marshalls in Canada will be managed by TJX Canada, the operating group managing the Winners, HomeSense and StyleSense chains there.
TJX has not yet announced specific locations for the Canadian launch.
The company operates 903 T.J. Maxx stores, 819 Marshalls stores, 328 HomeGoods stores and 154 A.J. Wright stores in the United States. In Canada, the company operates 208 Winners locations, 79 HomeSense units and three StyleSense stores. In Europe, the company operates 281 T.K. Maxx stores and 19 HomeSense stores.