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Our nonprofit partners are providing
valuable insight about the Harlem community
and helping us better serve our customers. |
Ted English, President and CEO
The TJX Companies, Inc. |
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| TJX Companies |
With over $10 billion in annual sales, the TJX Companies, Inc.
is the leading off-price retailer of apparel and home fashions
in the United States and worldwide. The company operates 1,700
stores and continues to expand its storebase. In 2002, TJX will
open a Marshalls store in Harlem.
TJX is working with nonprofit organizations such as the Urban
League and the NAACP to recruit and train associates from the
nearby community. They currently have several management hires
from Harlem training in existing stores in anticipation of
running the Harlem store.
According to the second annual Inner-City Shopper Survey (2000)
from ICIC, inner-city households spend more on apparel than the
average U.S. household does. Total average annual spending on
men’s, women’s, and children’s apparel by
inner-city households is $1,157 compared to $1,124 spent annually
on average by U. S. households.
“Discounted apparel retailers have a greater market share
among inner-city shoppers”, says Anne Habiby, Director of
Research at ICIC. “They have achieved this market position
primarily by providing fashion-forward and cutting-edge merchandise
at affordable prices.”
New databases such as the Emerging Neighborhood Market Tools from Social
Compact are designed to reveal the hidden business strengths of inner-city
markets that go undetected using federal data or mainstream market research
tools. Emerging Neighborhood Market Tools have been applied in 32 diverse
markets, including Harlem.
Another available database, Metro Edge, a product of Shorebank Advisory
Services helps retailers and other companies identify the spending power
in retail trading areas of inner cities by augmenting traditional census
information with other data sources.
For more information about the TJX Companies, please contact Patrick Flavin at (508) 390-3639.
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