Finding Deals & Designers At TKMaxx | The Hoxton Trend

TKmaxx one of the few high street retailers growing in the current tough retail environment

TJX Companies, the parent company of TK Maxx, reported a 6% rise in net sales to £10.2 billion for the second quarter ending 3 August 2024.
The company’s international division, which includes Europe and Australia, saw a 4% increase in net sales, reaching £1.27 billion, up from £1.23 billion during the same period last year. This growth was driven by a 4% rise in comparable store sales, excluding e-commerce, as TJX continued to expand its global store network.
 
TJX’s total store count increased by 29, bringing the total to 5,001 stores worldwide. In Europe, TK Maxx added one new store, bringing its total to 645, while Homesense saw a slight decrease from 78 to 77 stores during the quarter.
The company’s second-quarter pretax profit margin exceeded expectations by 0.4 percentage points, bolstered by lower freight costs and robust sales performance.
 
Looking ahead, TJX has updated its forecast, now anticipating comparable store sales growth of 2-3% for the third quarter, with a pretax profit margin in the range of 11.8% to 11.9%. For the full year, the company expects a 3% increase in comparable store sales and has raised its pretax profit margin outlook to 11.2%.
 
Ernie Herrman, CEO and President of TJX Companies, expressed his satisfaction with the company’s performance, stating, “Our sales growth was entirely driven by customer transactions, which increased across every division. The third quarter is off to a strong start, and we are well-positioned to deliver fresh and compelling merchandise throughout the fall and holiday seasons. We are excited about our potential for continued global growth and increased market share.

How to Score the Best Deals at TK Maxx: Insider Tips You Need to Know

If you’re a savvy shopper, you probably already know that TK Maxx is a treasure trove of designer brands at unbeatable prices. But did you know there are strategies you can use to find even better deals? Here’s a guide to help you make the most of your TK Maxx shopping experience.

1. Shop Early in the Week

Want first dibs on the latest arrivals? Head to TK Maxx on Mondays or Tuesdays. These are typically the days when new stock hits the shelves after the weekend rush. Shopping early in the week means you’ll have a better chance of finding fresh items before they’re snapped up by other bargain hunters.

2. Visit Regularly

TK Maxx is constantly restocking, so the more often you visit, the better your chances of scoring great deals. If you have a store nearby, try to pop in a few times a week. You never know when that perfect item might show up.

3. Hunt in the Clearance Sections

Keep an eye out for those red and yellow price tags. Items with red tags are already discounted, but the real goldmine is in the yellow-tagged items, which are marked down to their lowest prices. It’s worth taking the time to dig through the clearance sections—sometimes you’ll find incredible deals hidden among the racks.

4. Explore Every Department

Don’t limit yourself to just one section. Some of the best deals can be found in areas you might not usually shop in, like home goods or beauty. TK Maxx is known for its eclectic mix of products, so take the time to explore the entire store—you never know what you’ll find.

5. Shop Off-Season

Looking for a winter coat in the middle of summer? You’re in luck. TK Maxx often offers deep discounts on out-of-season items as they make room for new stock. Shopping off-season is a smart way to grab high-quality items at a fraction of the original price.

6. Sign Up for Email Alerts

Stay in the loop by signing up for TK Maxx’s email notifications. You’ll get the inside scoop on special sales, new arrivals, and more. It’s a great way to be the first to know when there’s a new deal to be had.

7. Shop Early in the Day

If you can, try to hit the store early in the morning. Not only will the store be tidier and less crowded, but you’ll also have a better selection to choose from. Early bird gets the worm—and the best deals!

8. Use the TK Maxx App

Did you know TK Maxx has a mobile app? It’s worth downloading because you might find exclusive deals or in-store promotions that aren’t advertised elsewhere. Plus, the app can make your shopping experience more convenient.

9. Browse Online

Don’t forget to check out TK Maxx’s website. The online inventory is often different from what you’ll find in-store, and sometimes you can stumble upon deals that aren’t available on the shelves. It’s always worth a look!

10. Follow TK Maxx on Social Media

Stay connected with TK Maxx on social media. They occasionally post about special promotions or featured items, giving you a heads-up on what’s hot in-store. A quick follow could lead to your next great find.

11. Look for “Gold Label” Items

If you’re on the hunt for luxury on a budget, keep an eye out for items labeled as “Gold Label.” These are high-end designer pieces that are heavily discounted, making them a must-grab if you’re looking to add some luxe to your wardrobe without breaking the bank.

By using these insider tips, you’ll be well on your way to scoring some amazing deals at TK Maxx. Happy hunting!