Marshalls Stores Closing Locations List Includes Philadelphia & Minneapolis Due to ‘Real Estate Strategies’
Marshalls shoppers in Philadelphia and Minneapolis will soon have to look for a new way to find discount savings as two of the retailer’s locations will close in the cities starting Jan.14.
The American mega-chain store is known as a place for fashion and home lovers to indulge in brand names for less and serves as the leading off-price retailer, with prices estimated to be 20-60% below full-price retailers.
RELATED: Big Lots Stores Closing Locations List of ‘Underperforming Stores’ — with More to Come in 2023
Vice President for communications at TJX, Marshalls’ parent company Andrew Mastrangelo told BestLife, “We are always assessing and reviewing our real estate strategies, and our decision to close this store reflects that thinking.” He went on to say, “We are grateful for the loyalty of our Philadelphia customers and invite them to visit our nearby stores to continue to find great values, including the Marshalls on South Swanson Street and the T.J. Maxx on Market Street.”
The VP also empowered shoppers in Minneapolis to visit the Marshalls in Roseville and the T.J. Maxx in Saint Paul as a way to meet their shopping needs.
Watch on FN
RELATED: Jo-Ann Fabric Will Close Stores in 2023: Here Are the Locations & Why Jo-Ann Isn’t Going Out of Business
Marshalls on East Market Street in Philadelphia and a Minneapolis location on South 7th Street will shutter Jan. 14.
According to Mastrangelo, at the end of TJX’s 2022 fiscal year on Jan. 29, 2022, it had 1,148 Marshalls stores, and at the end of Q3 on Oct. 29, 2022, it had 1,171 Marshalls stores. Adding, “You will see that we have grown our Marshalls store base this year.”
RELATED: Macy’s Stores ‘Sudden Permanent Closure’ of Pure Beauty Salon Leaves Stylists in ‘Disbelief,’ According to Announcement From Salon Staff
The brand assures its customers that the closures are not a part of a larger plan for more to come. According to the communications representative, the company’s CFO spoke about “anticipated store growth across all of TJX’s retail chains” in February last year, which has since been reflected in its earnings reports over the past year.
Marshalls’ Store Closures
Center City East – 1044 Market St, Philadelphia, PA 19107 (1/14)
City Center – 40 S 7th St, Minneapolis, MN 55402 (1/14)
More updates to this story will come as more announcements are made in the future.
PHOTOS: From the Archives: Department Stores That Have Gone Out of Business
