Claims extracted
18
sentences that state something as happening or true
Uncertain
11%
2 of 18 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
New York Post's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Some Maxxinistas may have to become Marshallistas.
uncertain
Maxxinistas → have → ?
Retailers are having trouble keeping doors open and lights on as high costs and low foot traffic remain a problem across the board.
asserted
costs → have → board
Recently, major players like Nordstrom, Saks and Macy’s have all been forced to shut locations.
asserted
players → force → locations
T.J. Maxx is the latest retail behemoth closing down stores as Inc. has confirmed the off-price chain is axing three locations this year.
asserted
chain → close → locations
The closures will be in Massachusetts and Maryland, but the company has not announced dates.
asserted
company → announce → dates
Shoppers will lose the following locations:
Massachusetts
360 Newbury Street, Boston, MA 02115
Maryland
8661 Colesville Road, Silver Spring, MD 20910
1262 Vocke Road, Cumberland, MD 21502
Earlier this year, TJX — who owns Marshalls, HomeGoods, HomeSense and Sierra — closed down two of its high-profile T.J. Maxx locations: a flagship in Boston and one at a popular mall in Maryland.
asserted
who → lose → Maryland
Shoppers lost the three-story Newbury Street location in Boston as its last day in business was January 5 after nearly a decade.
asserted
day → lose → decade
The closure was confirmed through a Massachusetts WARN notice where 117 workers were impacted.
asserted
workers → confirm → notice
The T.J. Maxx store in Silver Spring, Maryland, shut down its spot at the Ellsworth Place mall after a 10-year run where about 60 workers were let go.
asserted
workers → shut → run
Elizabeth Lafontaine of Placer.ai — a foot-traffic data software company — told Inc. that while it may be a shock to shoppers, it’s normal for large chains like T.J. Maxx to reevaluate its locations.
uncertain
chains → tell → locations
“Chains that continue to grow their footprint nationwide benefit from more strategic location selection,” Lafontaine told Inc.
asserted
Lafontaine → continue → selection
“Store fleet expansion involves creating the right store formats in the right locations for the right audience, which can require some pivots over time.”
asserted
which → involve → time
Despite shutting the lights off at a handful of stores, T.J. Maxx opened 23 locations last quarter and plans to accelerate openings.
asserted
Maxx → shut → openings
TJX CEO Ernie Herrman said on an Aug. 19 earnings call that storefronts across TJX plan on increasing store growth from 3% to 4%, starting next year, “to take advantage of the growth opportunities we see out there.”
asserted
we → say → opportunities
TJX currently operates 5,285 stores across 10 countries, including the US, Canada, Spain and the U.K.
CFO John Klinger said on the earnings call that the companies are focusing on where the demand is.
asserted
demand → operate → call
“We’re seeing opportunities in rural markets, where we see department stores are closing,” Klinger said.
asserted
Klinger → see → markets
“We’ve experienced strong comp growth for so many quarters that we’re seeing the ability to put stores closer together than we thought before.
asserted
we → experience → stores
And then, [we want to build] the small-format store that allows us to expand in a lot of densely populated urban areas, as well.”
asserted
us → want → areas