February 28, 2015 3:01 PM ET

Specialty Retail

Company Overview of Marmaxx Operating Corp.

Company Overview

Marmaxx Operating Corp. operates as an off-price retailer of apparel and home fashions. Its stores offer apparel, including footwear and accessories; home fashions, including home basics, accent furniture, lamps, rugs, wall decor, decorative accessories, and giftware; jewelry and accessories; men’s and juniors’ offerings; children’s furniture; seasonal merchandise; and other merchandise. The company was incorporated in 1989 and is based in Framingham, Massachusetts. Marmaxx Operating Corp. operates as a subsidiary of The TJX Companies Inc.

770 Cochituate Road

Framingham, MA 01701

United States

Founded in 1989

Phone:

508-390-3000

Key Executives for Marmaxx Operating Corp.

Marmaxx Operating Corp. does not have any Key Executives recorded.

Marmaxx Operating Corp. Key Developments

Former Marshalls Assistant Managers Sue TJX Companies and Related Entities

Two former assistant store managers who worked at Marshalls have filed suit in US District Court in Massachusetts against The TJX Companies and related entities, alleging that the company violates wage and hour laws. The suit, filed Dec. 11, names Marshalls of MA, Inc.; Marmaxx Operating Corp., doing business as Marshalls HomeGoods; Marshalls; T.J. Maxx HomeGoods; and HomeGoods, Inc. The plaintiffs are seeking class action status and are seeking compensation for allegedly unpaid wages, damages and attorney's fees. According to the suit, Celina Roberts worked an assistant store manager at Marshall's in Laredo, Texas. She was hired in May 2008 and promoted in June to the assistant manager position, the suit states. Roberts worked 60 to 70 hours a week and often worked six or seven days a week, according to the suit. As an assistant store manager, she did not receive overtime for working more than 40 hours, the suit said. Her work was 'largely unrelated to the management of the store,' the suit alleges. Rather, Roberts on a daily basis stocked merchandise, cleaned, worked the register, unloaded delivery trucks and the like, the suit alleges. Roberts alleges she complained to the store manager and to a district manager that she should be paid for the hours she was working and said that, if she had known she would end up working as many hours as an assistant manager, she would have remained a back room coordinator, 'performing almost identical duties, and receiving overtime pay,' the suit states. Plaintiff Anthony Sciotto was hired as an operations assistant store manager at Marshalls in Westbury, N.Y., the suit states, and worked at various other Marshalls locations in New York. The suit alleges that Sciotto worked a minimum of 10 hours a day, five days a week, and at times, up to 70 hours a week. Like Roberts, the suit alleges, Sciotto largely was not performing managerial duties and was instead performing routine tasks such as stocking merchandise, unloading trucks and other duties typically expected of hourly employees. The suit alleges that Marshalls and HomeGoods stores operate under the same corporate policies and all assistant managers share the same uniform job descriptions.

Marmaxx Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 2, 2013

Marmaxx reported unaudited earnings results for the third quarter and nine months ended November 2, 2013. For the quarter, the company reported net sales of $4,484,174,000 against $4,161,409,000 for the same period a year ago. Profit was $658,369,000 against $576,505,000 for the same period a year ago. For the nine months, the company reported net sales of $12,915,269,000 against $12,026,518,000 for the same period a year ago. Profit was $1,940,647,000 against $1,762,512,000 for the same period a year ago.

Marmaxx Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended August 03, 2013

Marmaxx announced unaudited earnings results for the second quarter and six months ended August 03, 2013. For the quarter, the company reported net sales of $4,295,346,000 against $3,976,051,000 a year ago. Profit was $647,978,000 against $581,379,000 a year ago. For the six months, the company reported net sales of $8,431,095,000 against $7,865,109,000 a year ago. Profit was $1,282,278,000 against $1,186,007,000 a year ago.

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