"We are always assessing and reviewing our real estate strategies, and our decision to close this store reflects that thinking. The Boston area has been the home for our headquarters for nearly 50 years and continues to be a very important market for us."
"Customer transactions were up at every division as we saw strong demand at each of our U.S. and international businesses,"
T.J. Maxx will permanently close its three-story store at 360 Newbury St. by Jan. 3, 2026, and plans to lay off 117 employees on Jan. 5. The closure will leave a large vacancy at the corner of Newbury Street and Massachusetts Avenue. A Worker Adjustment and Retraining Act notice says affected employees are not union-represented and may transfer to other locations. The company cited real estate strategy adjustments and emphasized Boston remains an important market and home to its headquarters. TJX reported fiscal year net sales of $56.4 billion, a 4% increase, and opened its 5,000th store.
Read at Boston.com
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