T.J. Maxx shuts two stores while parent TJX plans aggressive expansion

In 2026 T.J. Maxx shuttered two U.S. outlets: a three-floor flagship on Boston’s Newbury Street, which stopped trading on January 5 after almost ten years and eliminated 117 positions, and a mall store in Silver Spring, Maryland, which closed after a decade, affecting roughly 60 employees. The company said the moves reflect standard real-estate strategy and many displaced workers were offered roles at nearby stores.

Despite the closures, parent TJX Companies reported strong financial results, with second-quarter net sales of $15.18 billion, a 4% rise in comparable-store sales, and 34 years of consecutive growth. TJX outlined a plan to accelerate new store openings by 4% beginning fiscal 2028, aiming to reach a total of 7,500 locations worldwide, an addition of about 500 stores across its brands. Analysts noted that selective closures are common when retailers rebalance formats and locations while expanding overall. The firm maintained its outlook for 3%-4% comparable-store sales growth going forward.