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Zayre (/ z ɛər /) was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters was in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain.
- June 8, 1990; 33 years ago
- Framingham, Massachusetts
- Malcolm L. Sherman, CEO
- Retail
Jan 7, 2023 · Zayre was a popular discount store chain in the eastern US from 1956 to 1990, offering a variety of goods and services. Learn about its history, expansion, diversification, and demise, and share your memories of shopping at Zayre.
- 1977. The first two T.J. Maxx stores open in Auburn and Worcester, Massachusetts. 1987-1989. In 1987, Zayre forms a new entity called The TJX Companies, Inc., with T.J.
- 1990. TJX acquires Winners Apparel of Canada, a Toronto-based chain of five off-price family apparel stores. Over time, TJX grows this chain into Canada’s largest off-price retailer of family apparel and home fashions.
- 1992. TJX launches HomeGoods in the U.S., offering an eclectic selection of home fashions from around the world.
- 1994. TJX launches T.K. Maxx, introducing the off-price concept to the U.K. and then to Ireland. Over time, T.K. Maxx becomes Europe’s only major brick-and-mortar, off-price retailer of apparel and home fashions.
Zayre. In 1977, the first TJ Maxx store opened in Auburn, Massachusetts as part of the discount department store chain Zayre. 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.
- 1987; 36 years ago
- Framingham, Massachusetts, U.S.
- 270,000 (2018)
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Clothing, footwear, bedding, furniture, jewelry, beauty products, kitchen spices, electronics, toys, and housewares. Zayre was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters was in Framingham, Massachusetts.
Jul 14, 1985 · Zayre was the nation's 18th- largest nonfood retailer in 1983, the last year the ranking was compiled. Today the chain has 907 outlets; 320 are Zayre's discount stores offering general...
