TJ Maxx is one of the largest clothing retailers in the US, with over 1250 stores across the nation and annual revenues of over $41.717 billion in 2021.
Because TJ Maxx sells such a variety of merchandise, it competes with a variety of retailers.
But what companies does TJ Maxx compete with? If you’d like to find out, continue reading to see what I discovered!
Which Companies Are TJ Maxx Competitors In 2023?
The top competitors to TJ Maxx include off-price retailers like Ross Labels for Less and Burlington, department stores like Macy’s and JC Penney, fashion discounters like Nordstrom Rack, big box stores like Target and thrift stores. In specific departments, TJ Maxx competes with housewares retailers like Bed Bath & Beyond and online stores like Amazon and Overstock in 2023.
To find out more about the top TJ Maxx competitors in 2023 and what they sell, carry on reading to learn all the facts!
1. Ross Labels for Less
Like TJ Maxx, Ross Labels for Less is a popular off-price retailer, selling clothing, fashion accessories, handbags, luggage and more from famous brands at low prices.
Ross does not have an online store, but it’s the largest off-price retailer in the US with 1,629 locations and annual revenues of $12.5 billion in 2020.
In recent years, stores like TJ Maxx and Ross have been expanding their market share at the expense of traditional department stores like Macy’s.
Formerly known as Burlington Coat Factory, this New Jersey-based off-price retailer has clothing and home decor at bargain prices.
Burlington doesn’t have an online store, so you have to visit one of its 740 stores nationwide to find some bargains. Burlington is traded on the New York Stock Exchange as BURL and reported annual revenues of $ $8.996 billion in 2021.
Macy’s is one of the biggest and best known department stores in the country. It has over 500 stores, more than 75,000 employees and a market value of over $5,000 million as of 2023.
Macy’s is a traditional department store selling many of the same product categories as TJ Maxx – fashion, luggage, cosmetics and perfumes, household items, bed and bath, toys, shoes, and more.
Finally, the company’s annual revenue reported for 2020 was $25.331 billion.
Target is a popular big box retailer which competes with TJ Maxx in all categories – clothing, shoes, cosmetics, toys, home decor, bed and bath, etc.
Like TJ Maxx, Target has upscale, low cost merchandise, expressed in the company slogan “Expect more, pay less”. Unlike TJ Maxx, Target mostly markets fashion merchandise from its own brands.
Target typically attracts younger shoppers, and is also known as being one of the biggest philanthropic givers among US corporations.
Amazon attracts online shoppers looking for the same type of merchandise sold at TJ Maxx, often at low prices.
Amazon offers the convenience of online shopping, with the added advantage of a wide selection on a large number of items in various departments. As well, Amazon Prime members can save even more by getting free shipping on all orders.
6. Nordstrom Rack
Like TJ Maxx, Nordstrom Rack has discounted designer clothing and home decor. A division of the luxury store Nordstrom, it offers designer labels at up to 70% off original prices.
The website has a clearance section and flash sales events for even greater savings. There’s a Haute Look section with flash savings on clothes, beauty products, toys, and home decor.
7. Bed Bath & Beyond
Bed Bath & Beyond has many home goods items like kitchen, tableware, furnishings, housewares, bath products, and decor, and attracts a clientele similar to TJ Maxx.
Also similar to TJ Maxx, Bed Bath & Beyond is known for carrying quality products at reasonable prices, though these items are not discounted, while TJ Maxx regularly discounts this type of merchandise.
Finally, Bed Bath & Beyond has 758 stores in the US, and annual revenues of .23 billion in 2020.
8. Thrift Stores
Thrift stores have a lot in common with TJ Maxx, since shoppers look for bargains on quality clothing and home goods at these locations.
The big difference between TJ Maxx and thrift stores is that the latter sells used and second hand items, while the former exclusively sells new merchandise.
Further, many of the large and well known thrift stores like Goodwill and the Salvation Army Family Store are run by charities and depend on donations for their merchandise.
The emergence of online thrift stores like ThredUp adds another dimension to this form of shopping. Overall, online thrift stores are emerging as major competitors to off-price retailers like TJ Maxx.
Overstock.com is a hugely popular online retailer that sells similar merchandise to TJ Maxx such as furniture, home decor, lighting, clothing, pet supplies, shoes, and more.
Overstock also offers low prices and pop-up flash deals with big discounts on name brand items. Additionally, Overstock reported revenues of $ 2.87 billion in 2021.
JCPenney is another established department store like Macy’s with products in all the categories of merchandise sold by TJ Maxx.
JCPenney has 689 stores across the US and a full online store with many of its own brands, as well as leading national brands like Sephora and Liz Claiborne.
Additionally, JCPenney has 600 stores across the United States with revenues of $4.147 billion in 2020.
TJ Maxx has many different competitors, due to the variety of merchandise it sells. Currently, the biggest competitor to TJ Maxx is another off-price retailer, Ross Labels for Less.
Other competitors include traditional department stores like Macy’s and JCPenney, and luxury stores like Nordstrom Rack that sell designer brand fashions at discounted prices.