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Zayre store in Addison, Illinois. Zayre ( / zɛər /) was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters were in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain.
In June 1987, Zayre established The TJX Companies as a subsidiary. In the first half of 1988, Zayre stores had operating losses of $69 million on sales of $1.4 billion. Observers blamed technological inferiority, poor maintenance, inappropriate pricing, and inventory pileups, and Zayre appeared ripe for takeover.
Jan 7, 2023 · Zayre: The Story of Humble Beginnings and a Bittersweet End. Zayre was a household name for many folks in the eastern United States for over three decades. Founded in 1956, the discount store chain quickly gained popularity for its wide selection of affordable goods and convenient locations.
Nov 16, 2021 · 176. 6.3K views 2 years ago. In this week's episode of "The Story Of" I take a deep dive into the history of Zayre. Zayre was a massive northeastern discount department chain that was founded in...
- 13 min
- 7.4K
- The NSTLKIA Channel
Apr 10, 2024 · More astounding is they are still based in Framingham, Massachusetts, although the company now has 4,800 stores under its umbrella in nine countries. Off-price, high-quality, name-brand apparel and home fashions at affordable prices make any shopper a Maxxinista.
Address: 770 Cochituate Road. Framingham, Massachusetts 01701-4672. U.S.A. Telephone: (508) 390-1000. Fax: (508) 390-2828. http://www.tjx.com. Statistics: Public Company. Incorporated: 1962 as Zayre Corp. Employees: 94,000. Sales: $11.98 billion (2002) Stock Exchanges: New York. Ticker Symbol: TJX.
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2020s. Our Company roots date back 47 years. In 1976, Bernard (Ben) Cammarata, General Merchandising Manager of Marshalls at the time, was recruited by discount retailer, Zayre Corp., 1 to develop and spearhead the launch of a new off-price chain selling family apparel and home fashions. Under Mr. Cammarata’s leadership, TJ Maxx was born ...
