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Business Wars Daily

This Brick and Mortar Retailer is Booming

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 20 September 2018

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Thursday, September 20, and we’re looking at T.J.Maxx vs. the department stores.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

0:16.1

Macmillan's free online forum provides a safe space to get support from both experts and others who've been

0:22.0

there. Members support each other anonymously, sharing what's helped them on a range of subjects,

0:27.5

from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

0:32.9

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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opportunities to ask an expert, and blog posts.

0:42.0

Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.2

Thank you. Wondery.

1:08.4

I'm David Brown, and this is Business Wars Daily on Thursday, September 20th.

1:11.9

These days, it wouldn't be a surprise if you thought brick and mortar retail stores are dying. Some are. And in some states, local governments are even buying up

1:17.0

empty malls and redeveloping them. Some 3,800 stores from companies like J. Crew, The Gap, Sears,

1:24.1

and Macy's have closed, or will shut down this year. But that's not the whole story.

1:30.3

Certain brick and mortar players are doing better than ever. Witness, TJX, the Massachusetts-based

1:36.6

discount retailer that owns T.J. Max, Marshalls and home goods. Unlike most retailers,

1:42.5

TJX is pulling ahead by largely ignoring the internet. Instead, they're

1:48.0

making it fun to walk into their stores and look for stuff, you know, on two feet with wallet in hand.

1:54.6

Popular, it seems, with all ages and both middle class and affluent customers, TJX is proving that

2:00.5

shoppers still like hunting for bargains,

...

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