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February 23, 2017

T.J. Maxx steps up expansion, plans home chain

By ANNE D'INNOCENZIO and MICHELLE CHAPMAN
AP Business Writers

FRAMINGHAM, Mass. — Department stores just got a double dose of bad news.

The parent company of T.J. Maxx and Marshalls, which have taken a bigger share of clothing spending by selling popular brands at deep discounts, plans to expand even faster and test a new home store that's different from its highly successful HomeGoods chain.


 
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