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TJX Closing 34 A.J. Wrights

FRAMINGHAM, MA-The off-price apparel giant is closing 34 of its 162 A.J. Wright units in efforts to reposition the chain.

By Debra Hazel | Updated on December 01, 2006

FRAMINGHAM, MA-In an effort to reposition its A.J. Wright division, TJX Cos. will close 34 underperforming units of the chain’s 162 stores in January, the company announced. However, TJX also will open five to 10 AJ Wright units in fiscal 2008, a figure that had not been previously announced and a move that demonstrates confidence in the chain.

“We believe that by closing these underperforming stores, we are making A.J. Wright a stronger business, and putting it in a substantially better position for further growth,” said Sherry Lang, vice president of investor and public relations, in the November sales call. “A.J. Wright continues to hold great promise.”

The move will allow TJX to better leverage advertising dollars off a smaller geographic base, achieve greater operational efficiency, and focus management on the better-performing units, Lang said. The stores to be closed represent approximately 21% of A.J. Wright’s store base, but only 16% of its year-to-date sales, the chain said, and are “significantly” less profitable than the rest of the chain.

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