History of Marshalls in Timeline
Marshalls is a large American chain of discount department stores owned by TJX Companies. They have over 1,000 stores in the US, called "Marshalls" or "Marshalls Mega Store", in 49 US states and Puerto Rico. Marshalls also has 61 stores in Canada, which they expanded into in 2011.
1956: Founding of Marshalls
In 1956, Alfred Marshall and a group of entrepreneurs established Marshalls, initially focusing on the "Brand Names For Less" concept.
1960: Expansion and Introduction of Clothing
In 1960, Frank Estey and Bernard Ribas joined Marshalls by purchasing shares from Bernard Goldston. Additionally, Irving Blitt, after discovering an opportunity to purchase factory second Arrow shirts, introduced clothing to Marshalls' inventory.
1976: Acquisition by Melville Corporation
Marshalls was acquired by Melville Corporation in 1976.
1993: Expansion Across the United States
By 1993, Marshalls had expanded its operations to 42 states, including Hawaii, and had established multiple downtown locations.
1995: Acquisition by TJX Companies
In 1995, TJX, the parent company of Marshalls' main competitor, TJ Maxx, acquired Marshalls for $550 million.
2002: Employee Class-Action Settlement
In 2002, TJX, the parent company of Marshalls, reached a $100 million settlement in California to resolve an employee class-action lawsuit. The lawsuit alleged that Marshalls had misclassified employees to avoid paying overtime compensation as mandated by the Fair Labor Standards Act.
March 2011: Marshalls Expands to Canada
In March 2011, Marshalls opened its first stores in Canada, marking the company's expansion beyond the United States.
March 2011: First Stores in Canada
March 2011 saw the opening of the first Marshalls locations in Canada, marking the company's entry into the Canadian market.
November 2016: Expansion Plans in Canada
By November 2016, Marshalls Canada had grown to 50 stores, with plans to operate around 100 stores across the country, demonstrating their commitment to expanding their presence in Canada.
2019: Launch of Online Shopping Platform
Marshalls launched its online shopping website in 2019, expanding its retail presence to the e-commerce market.