When TJX Cos., parent of TJ Maxx, Marshalls and Home Goods, announced it would acquire off-price internet retailer Sierra Trading Post for $200 million, it was more than a smart buy. The purchase signified something much bigger: The company was finally taking e-commerce seriously. CEO Carol Meyrowitz declared to investors the company would use Sierra Trading Post's web savvy and infrastructure to build out its own e-commerce sites.
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TJX Companies Inc Acquires Sierra Trading Post
December 21, 2012
TJX Companies Inc announced that it has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming. The purchase price of approximately $200 million, which is subject to customary post-closing adjustments, was paid in cash and...
E-Commerce Critical to TJX Goal in Annual Sales
March 5, 2012
From RIS News
Re-establishing itself as an online retailer several years after shutting down its e-commerce operations is a key element of ambitious growth plans at TJX Companies, the 2,900-store parent company of T.J. Maxx, Marshalls and Home Goods. Executives are aiming to nearly double the company's annual sales to $40 billion by leveraging investments in technology, supply chain and digital commerce initiatives.