Alfred Marshall, Founder of Marshalls, Passes

Marshalls to Open First Canadian Stores in 2011

NEW YORK-Alfred Marshall, founder of the Marshalls chain of off-price department stores, has died. He was 94.

Marshall died in Boca Raton, Fla., on Dec. 28 after a short illness, according to press reports.

According to a company history on Wikipedia, Marshall founded the chain, along with Bernard Goldston and Norman Barren, in 1956. His concept was to buy out-of-season, irregular and overstocked inventory from fashionable stores and sell the merchandise at a discount.

By 1976, Marshalls numbered 36 stores in New England and California. That year, Marshall and his partners sold the chain to Melville Corp.

In 1995, The TJX Cos. acquired Marshalls and later combined it with its T.J. Maxx chain to form the company's Marmaxx unit. Today, according to the TJX website, there are more than 1,000 Marshalls and T.J. Maxx stores nationwide.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money