Marshalls, one of the leading off-price retail chains in the United States, is a go-to destination for budget-conscious shoppers seeking brand-name products at discounted prices. But have you ever wondered, who owns Marshalls? If the thought has crossed your mind, you’re not alone! This blog will uncover Marshalls’ history, its ownership structure, major shareholders, market position, and much more.
Whether you’re a retail enthusiast or simply curious about the company behind your shopping spree, this guide will answer all your pressing questions.
A Brief History of Marshalls
Marshalls was founded in 1956 by Alfred Marshall in Beverly, Massachusetts. The company started as a single store focused on providing high-quality goods at discounted prices by leveraging overstock and closeout products. Over time, this strategy proved successful, allowing the brand to expand rapidly across the U.S.
By 1976, Marshalls was acquired by Melville Corporation, marking a pivotal step in its growth trajectory. However, it wasn’t until 1995 that Marshalls became a part of its current owner after a corporate restructuring.
Today, Marshalls operates over 1,000 stores in the United States, Canada, and Puerto Rico, offering a wide variety of products, including clothing, shoes, home goods, and accessories.
Who Owns Marshalls?
Marshalls is owned by TJX Companies, Inc., a Fortune 500 company known for its portfolio of off-price retailers. TJX acquired Marshalls in 1995, seamlessly integrating the brand into its growing family of retail chains.
The largest shareholder of TJX Companies is The Vanguard Group, an investment management company renowned for managing trillions of dollars in global assets. Vanguard’s significant stake reflects the widespread investor confidence in TJX’s consistent performance and growth potential.
Top 10 Major Shareholders of TJX Companies
Here’s a quick breakdown of the top shareholders of TJX Companies, their ownership percentages, and their roles in the company:
| Shareholder | Ownership Percentage | Role & Control |
|---|---|---|
| The Vanguard Group | ~9% | Global investment manager influencing strategic business decisions. |
| BlackRock Inc. | ~8% | The major institutional investor provides financial backing and strategic insights. |
| State Street Corp. | ~5% | Passive investor with significant influence on shareholder votes. |
| Wellington Management | ~4% | Asset management firm focusing on maintaining financial stability. |
| Fidelity Investments | ~3% | Focuses on long-term investment in retail growth. |
| American Funds | ~2% | Provides diversified institutional investments to TJX. |
| T. Rowe Price | ~2% | Offers insights and recommendations for market positioning. |
| Geode Capital | ~1.5% | Specializes in index fund investments that balance market risk. |
| Northern Trust Corp. | ~1% | Manages traditional lending and fiduciary assets for the company. |
| SSGA Funds Management | ~1% | Provides consultancy on financial stability. |
These shareholders hold significant voting power, influencing the financial and operational direction of TJX Companies, the parent company of Marshalls.
Who Controls Marshalls?
While Marshalls is technically owned by TJX Companies, the company’s Board of Directors and executive management team are responsible for its strategic decision-making. The CEO of TJX Companies, Ernie Herrman, oversees all subsidiaries under the TJX umbrella, including Marshalls, making decisions to sustain growth and expand market share.
Despite the distributed shareholder base, institutional investors like Vanguard and BlackRock can exert influence through shareholder meetings and voting rights.
Marshalls’ Annual Revenue and Net Worth
Marshalls, together with its sister brands under TJX Companies, contributes significantly to the parent company’s financial performance.
For the fiscal year 2023, TJX Companies reported a revenue of $49.9 billion with a net income of $3.9 billion. While specific revenue figures for Marshalls alone aren’t detailed, the brand plays an essential role in TJX’s overall success.
Market Share and Competitors
Marshalls operates within the off-price retail segment, which accounts for approximately 9% of the total retail market in the U.S. The off-price model continues to grow in popularity as consumers seek high-quality goods at affordable prices.
Key Competitors
Marshalls faces stiff competition from other major players in the off-price retail sector. Here’s a look at its top competitors and their respective market shares:
- Ross Stores (~29% market share in off-price retail): Known for its “Dress for Less” slogan, Ross Stores is a fierce competitor with similar pricing strategies.
- Burlington Stores (~19% market share): Primarily focuses on clothing and outerwear, closely competing with Marshalls’ apparel offerings.
- Nordstrom Rack (~15% market share): The discount arm of Nordstrom is heavily targeted at premium shoppers seeking discounts.
Despite robust competition, Marshalls continues to hold a significant position by offering a broad product range and maintaining strong brand loyalty.
Other Brands Owned by Marshalls’ Parent Company
Marshalls is part of a family of successful brands owned by TJX Companies. These include:
T.J. Maxx
A direct sibling of Marshalls, T.J. Maxx offers similar deals with a slightly broader product catalog.
HomeGoods
Specializes in home décor, furniture, and kitchen essentials, allowing TJX to dominate the home goods segment.
Sierra
A retailer focused on outdoor gear and activewear at affordable prices.
Winners
Canada’s version of Marshalls provides discounted apparel and home goods.
Homesense
Homesense expands on HomeGoods by offering larger furniture and specialized home items.
Together, these brands create a comprehensive ecosystem, capturing a significant share of the discount retail market.
What Makes Marshalls a Retail Giant
Marshalls’ success lies in its ability to blend variety, affordability, and quality. By leveraging the off-price retail model, the brand offers consumers unmatched value while maintaining consistent profitability.
By continually adapting to consumer trends and leveraging its parent company’s expertise, Marshalls remains one of the most popular retailers in the discount space.
Your Turn to Explore
Marshalls isn’t just a store—it’s a retail experience built on value, variety, and innovation. Understanding its ownership, shareholder structure, and market position highlights why it continues to thrive in today’s competitive retail landscape.
Curious to know more? Bookmark this page and keep up-to-date with your favorite retail brands as we uncover more insights.
Frequently Asked Questions (FAQs)
1. Who owns Marshalls?
Marshalls is owned by TJX Companies, a global leader in off-price retail.
2. Who are the major shareholders of TJX Companies?
The largest shareholders include The Vanguard Group, BlackRock Inc., and State Street Corp.
3. How much annual revenue does Marshalls generate?
While Marshalls-specific figures aren’t disclosed, its parent company, TJX, reported $49.9 billion in revenue for 2023.
4. What competitors do Marshalls face in the market?
Marshalls competes with Ross Stores, Burlington Stores, and Nordstrom Rack in the off-price retail segment.
5. What other brands are owned by TJX Companies?
Other TJX brands include T.J. Maxx, HomeGoods, Sierra, Winners, and Homesense.