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T.J. Maxx Welcomes the Fast Fashion Competition

Photo: Getty Images
Photo: Getty Images

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Off-price retailer T.J. Maxx is perhaps the last brand alive that isn't worried about H&M and Forever 21 bulldozing through its profits. According to the CEO of TJX Companies (owner of T.J. Maxx, Home Goods, and Marshalls), Carol Meyrowitz, it's great to be positioned next to Primark and other fast fashion brands in the retail market.

"We built the machine," Meyrowitz told analysts on the company's latest earnings call. "Anyone who helps bring in traffic, we're very happy about." TJX has been in the off-price business for 38 years, and has recorded sales growth for the past 20 years in a row.

"We remain convinced that we have the right strategy in place to achieve our long-term growth goals as TJX continues on the path to becoming a $40 billion-plus global, value retailer," Meyrowitz said in a statement.