TJ Maxx has become a force in luxury retail, taking advantage of department stores canceling orders and brands clearing end of season lines. But whilst it’s good for shoppers as the average price of luxury goods increases, the strategy has risks for the store and the high-end labels, explains Bloomberg Opinion columnist Andrea Felsted. (Source: Bloomberg)
TJ Maxx has become a force in luxury retail, taking advantage of department stores canceling orders and brands clearing end of season lines. But whilst it’s good for shoppers as the average price of luxury goods increases, the strategy has risks for the store and the high-end labels, explains Bloomberg Opinion columnist Andrea Felsted. (Source: Bloomberg)
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