TJX has more than 3,800 stores with sales of more than $33 billion annually. The company also added 198 stores during the fiscal year that ended on Jan. 28. HomeGoods, Marshalls and T.J. Maxx will all add stores in the U.S. in 2017, according to a company statement.
HomeGoods has locations in Beavercreek, Miamisburg, and three others in the Cincinnati area. T.J. Maxx has stores in Kettering, Miamisburg, Beavercreek, West Chester Twp. and multiple in Cincinnati. Marshalls has locations in Huber Heights and another at Cross Pointe Shopping Center in the Dayton area, among others in Cincinnati.
» RELATED: New T.J. Maxx set to open in Kettering
The positive growth for the company, which specifically focuses on discount brands, comes as several retailers downsize brick-and-mortar stores and struggle to maintain profits.
Though retail sales are expected to grow between 3.7 and 4.2 percent, according to the National Retail Federation’s 2017 economic forecast, online sales will grow faster. Online and other non-store sales will increase between 8 and 12 percent — most likely forcing additional closures of brick-and-mortar stores, including several in the Miami Valley.
Stores like Macy’s, J.C. Penney, Sears and Kmart announced store locations will close across the U.S., including in Ohio.
The Associated Press contributed to this report.
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