• Home
  • Fashion
  • T.J. Maxx Among Discount Retailers Losing Designer Brands

T.J. Maxx Among Discount Retailers Losing Designer Brands

For years, shoppers have flocked to discount stores like T.J. Maxx for deals on their favorite designer brands. Now, due to the pandemic, the global supply chain delays, and shortages, stores are forced to either raise prices or lose products completely. TJX companies are suffering from both.

            Ernie Herrman, CEO of all TJX companies including T.J. Maxx, Marshalls, and HomeGoods, released a statement about raising prices on designer brands. He stated, “Our strategy to surgically raise retail [prices] on select items is well underway, and we believe it is working very effectively.” Herrman claims their slight adjustments in price received “very good success,” and stores did not receive any negative feedback from customers. He did not specify which brands in particular increased in price.

            The reasons for these price increases include the fact that there are less products on shelves due to the supply chain crisis, as well as a higher demand of products from customers because of the holiday season. For retailers, they also need to make up the money they’ve lost to paying workers higher wages because of the worker shortage.

            However, not only do retailers have to deal with changing their prices to meet customer demands, they also have designer brands pulling their products from their stores. Under Armour, Ralph Lauren, Carter’s, Steve Madden, and Levi’s are among the most popular brands that will no longer give their clothing to discount stores for discounted prices. This is due to the fact that the designer brands themselves do not have the inventory to give away for a discount because they are selling well enough on their own websites and in their own stores. High end brands have wished for years to pull away from discount retailers anyway because they believe discounts hurt their image and their pricing power over their customers.

            Currently, there is no exact date for when these brands will leave T.J. Maxx and other discount retailers or when prices will increase again, so stock up while you can.

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email

Join Our Mailing List

    Recent Articles

    The Resurgence Of Athleisure In A Post-Pandemic Era

    With months upon months of worldwide stay-at-home orders in early 2020, everyone’s daily wardrobe seemed to shift from business casual to comfy casual, with the classic quarantine uniform consisting of sweats and a sweatshirt, with the occasional change into a nice shirt for the odd Zoom meeting. However, while the Covid-19 pandemic is still happening, the importance of fashion in day-to-day life has luckily reemerged, with a clear influence of the pandemic ‘fashion’ appearing in mainstream looks now.

    New ‘Vogue World’ To Be Introduced During Fall NYFW

    The fashion industry strives to become more bold and unique every year, with Vogue now introducing what has been categorized as “a live editorial fashion show, street fair, and special surprises,” aptly called “Vogue World.” The famous magazine is celebrating their 130th anniversary this year, which means they had to go above and beyond and create an interactive experience for fashion lovers that exceeds simply watching runway shows. While New York Fashion week is being held less than a month from now, from September 9th to 14th, you’re going to want to take work off on Monday, September 12th for the Vogue World festivities.

    Estée Lauder to Buyout Tom Ford for At Least 3 Billion

    Rumors are going around in the fashion world that Tom Ford is looking to sell his namesake brand just after Bloomberg said the fashion and beauty business had appointed Goldman Sachs to find a buyer. Speculation is rising that Estée Lauder may be the leading contender to buy out the business as it already has the license for Tom Ford Beauty. Tom Ford, the company, currently designs and retails men’s and women’s wear, accessories, fragrances, beauty, and eyewear. Estée Lauder, which does not directly operate any fashion companies, could license out the ready-to-wear if it were to acquire the business.

    Dior Accused Of ‘Culturally
    Appropriating’ Chinese Skirt

    Dior is facing heavy criticism of cultural appropriation after protestors claimed the luxury fashion brand copied a classic Chinese skirt design, which dates back to the Ming Dynasty. According to the ‘New York Post’, many Chinese student protestors stood outside one of the label’s Paris stores on Avenue des Champs-Elysées.

    The Ethics Of Depop Sellers Upselling Thrift Finds

    Since vintage 70s, 90s, and 2000s looks have come back into style over the past couple years, the clothing app Depop, which lets users buy and sell their new and used clothes, has blown up as a hub for unique items that cannot be found anywhere else. However, what once began as a way for individuals to resell their old clothing or for new designers to market their original pieces has now transitioned into a comprehensive marketplace of users thrifting clothing and reselling them for quadruple the price. Based on the higher demand for vintage clothing items, thrifting has been the primary method for fashion-forward people to enhance their wardrobes, and those who don’t have access to prime thrift stores turn to Depop for thrifted items. The problem lies in the ethics of reselling items that were originally donated for lower-income individuals, and are now generating sizable incomes for privileged individuals through Depop.

    Hey! Are you enjoying NYCTastemakers? Make sure to join our mailing list for NYCTM and never miss the chance to read all of our articles!