TJX Closes Trade Secret Acquisition
October 26, 2015,
FRAMINGHAM, Mass.-The TJX Cos. has completed its acquisition of Trade Secret, the Australian off-price retailer that operates 35 stores in Australia, from Gazal Corp.
The purchase price was AUD$80 million (about $57.7 million), subject to customary post-closing adjustments. Trade Secret operates 35 stores in the provinces of Queensland, New South Wales, Victoria and The Capital Territory. The retailer offers home fashions; branded apparel for women, men and children; footwear; and accessories.
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.