Technology Slice Blog

AJ Wright Shutting Down - T.J. Maxx and Marshalls parent TJX Cos. (TJX) announced plans on Friday to slash more than 4,000 jobs and shut down its A.J. Wright division. Framingham, Mass.-based TJX said it plans to convert 91 A.J. Wright stores into T.J. Maxx, Marshalls and HomeGoods stores. The remaining 71 A.J. Wright stores will be shuttered. The move is aimed at improving overall profitability by focusing on its more successful brands. As a result of the moves, TJX will eliminate 4,400 positions, most of them part-time jobs. The retailer employed about 154,000 employees as of October. AJ Wright Shutting Down “While I believe this move makes us a much stronger company and will benefit TJX in both the near-term and long-term, it was not an easy decision as many positions will be eliminated and it will be difficult for our affected associates,” CEO Carol Meyrowitz said in a statement. “However, it will allow us to focus our financial and managerial resources on our highest re...