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TJX Buys Online Discount Retailer

The Boston Herald reports that discount store operator TJX Cos., which owns TJ Maxx, Marshalls and HomeGoods chains, has bought online off-price retailer Sierra Trading Post for $200 million. Like TJX brands, Sierra sells apparel and home furnishings. The retailer has had an online presence since 1999.

According to TJX CEO Carol Meyrowitz:

“We continue to plan on launching e-commerce sites for TJX brands, and this acquisition adds immediate scale, capabilities and infrastructure in e-commerce, which we can leverage in that regard.”

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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