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In this Feb. 21, 2007 file photo, a shopper leaves a T.J. Maxx store in Framingham, Mass. The old Goody’s location, in the Marktplatz shopping center, will be the home for a TJ Maxx store in the spring of 2010. Discount retail operator TJX Cos. on Tuesday said its fiscal second-quarter profit rose 31 percent as its stores like T.J. Maxx and Marshalls continued to lure in cost-conscious shoppers. ELISE AMENDOLA
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TJ Maxx to open in 2010
Retail store to locate in Goody’s building
In the spring of 2010, Cullman residents will have a new shopping option: TJ Maxx is officially coming to town.
Jason Grimmett, with Drinkard Development, confirmed the news Wednesday that an agreement for the clothing retailer to open a Cullman location has been reached.
“I am happy to now confirm that we at Drinkard Development have secured and executed a lease with TJ Maxx to open in the Marktplatz shopping center,” Grimmett said. “It took a complete team effort from our entire staff to finally secure this deal. We have been working to bring TJ Maxx to Cullman for over six years, so you can imagine how excited we are to announce this opening in one of our latest developments.”
The new TJ Maxx will occupy the 24,000 square-foot former Goody’s space in the Marktplatz shopping center.
“A new retailer like TJ Maxx will not only be a huge boost in the local economy from their own direct sales,” Grimmett said. “We anticipate their coming to Cullman to open up a couple more opportunities for new developments with national retailers. We take great pride in all our developments; however Cullman is our home, so it is very rewarding for us to bring a national retailer of this stature to our community, especially during these hard economic times that we are all facing.”
The new store is expected to generate approximately 50 new jobs.
“Having this new retailer is certainly a great thing, because it adds diversity to our retail base,” Cullman Economic Development Agency Director Peggy Smith said, noting the recent closure of Goody’s in Cullman. “In the top five stores to bring in to Cullman people are always asking for, TJMaxx has always been right there.”
Smith said it reflects well on Cullman that TJ Maxx chose to come to Cullman, which is a relatively small city compared to other retail markets.
“We are excited about this and feel like this new retail development shows that they have confidence in the Cullman community to support their store,” she said. “We are elated that a retailer so widely known as TJ Maxx will be available here, in a community our size.”
The opening should also have a positive affect on other local shops, Smith said.
“Having these options available here at home, I believe it should encourage more people to stay around Cullman and shop locally,” she said.
According to the Associated Press, TJX Cos. said Tuesday its fiscal second-quarter profit rose 31 percent as its stores like T.J. Maxx and Marshalls continued to lure in cost-conscious shoppers.
The Framingham, Mass.-based company, which also operates HomeGoods stores, said it earned $261.6 million, or 61 cents per share, compared with $200.2 million, or 45 cents per share, a year ago.
The results beat Wall Street's expectations by 1 cent per share, according to Thomson Reuters.
‰ The Associated Press contributed to this story.
‰ Trent Moore can be reached by e-mail at trentm@cullmantimes.com, or by telephone at 734-2131, ext. 225.
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