Tk Max Facts

TK Maxx TK Maxx is a relatively new arrival in the UK. Their parent company TJ Maxx admit been operating in the United States since 1976 and the first UK store was undefendable in 1994. The company was renamed TK Maxx in the UK in order to avoid confusion with TJ Hughes. Its caper model is that of an off-price department store, which means that it will buy excess broth from major department stores and other sources and sell it at give noticeed prices.Naturally TK Maxx can in any case benefit from the global buying power of their US parent company. The look on clothing market has grown strongly in novel geezerhood and companies like TK Maxx, Primark and Matalan have all seen substantial growth in recent years. Some commentators facial expression that as discounters, they are equally well set(p) to take advantage of any reduction in consumer spending which whitethorn result from measures taken by the incoming government to reduce the figure deficit.They stock a wide range of designer brands at discount prices and their products appeal mainly to buyers in the 18-35 age group. Even so, some feel that the company has moved a little way upmarket to demonstrate and challenge some more traditional retailers such as NEXT, and many another(prenominal) stores have been refurbished while some much larger ones have opened in a department store format. In addition, six Littlewoods stores were acquired in 2004. The rise of TK Maxx in the UK has not however been without problems.Hackers stole information of just about 45 million payment cards from used by customers in the UK, United States, Puerto Rico and Ireland. The hacking started in 2005 and data on transactions conducted surrounded by 2002 and 2005 was accessed. The effect of this theft on UK customer has at least been mitigate by the introduction of chip and pin technology. In addition TK Maxx was block off from moving into a store vacated by Zavvi in the Regent pathway area of London.The reason was ap parently that the owners of the property felt that the area was contrary for the TK Maxx brand. However, generally speaking TK Maxx has been a success story in the UK and a further sales channel was introduced in 2009 with the introduction of online shopping.Selected financial selective information 31/01/1031/01/200931/01/200831/01/200731/01/2006 Turnover 1,194,3121,122,1971,028,248945,311788,447 Profit before tax78,29348,87836,40535,72223,786 ROCE25. 5819. 8817. 3619. 8412. 77 Employees 13,37913,27713,23512,71911,127