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T.K. Maxx

Type Subsidiary of TJX Companies

Founded 1994

Headquarters Watford, United Kingdom

Industry Retail

Products Clothing, footwear, bedding, furniture, jewellery, beauty products, toys and housewares.

Website www.tkmaxx.com

T.K. Maxx is a chain of cut-price department stores in the United Kingdom, Republic of Ireland and Germany^[1]. The company is part of the TJX Companies which also owns other department store companies such as T.J. Maxx. They offer brand name clothing, footwear, bedding, furniture, beauty products, and housewares.

1 History
2 Credit card fraud
3 See also
4 References
5 External links

History

The first T.K. Maxx opened in Bristol in 1994.^[2] In 2006, the 210th store opened. T.K. Maxx's United States parent company, T.J. Maxx, adopted the name T.K. Maxx to avoid confusion with the existing but separate discount chain T J Hughes^{[citation needed]}.

This article or section needs to be updated. Please update the article to reflect recent events or newly available information, and remove this template when finished.

In 2007 T.K. Maxx will begin a slowing down of new store openings within the UK. Focus will be given to revamping older inner city stores and developing individual brands, such as Kids Maxx and HomeSense.^{[citation needed]} The company also intends expansion into the German market. The first store in Germany opened on 4 October 2007 in Lübeck.^[3] The chain hopes that this will be more successful than the company's earlier attempt at opening stores in the Netherlands between 1999 and 2001.

In the UK in 2007 T.K. Maxx was an active participant of Comic Relief, having been the sole retailer of the Red Nose Day t-shirts which generated £2 million to the Comic Relief cause.^[4]

In October 2008, T.K. Maxx will be opening its largest UK store store in Leeds.^{[citation needed]}

Credit card fraud

In March 2007, the company was at the centre of major credit card fraud. Details of customers’ credit cards and debit cards were accessed by computer hackers, exposing 45 million customers to potential theft from their accounts. According to the company this affected customers who used their card between January 2003 and June 2004 at any branch of T.K. Maxx.^[5] Outside security provider Protegrity has estimated that T.K. Maxx's losses as a result of the data breach may reach £800 million in the years to come. The losses would come as a result of paying for credit checks and administrative costs for managing the fallout from the breach.^[6]

References

^ "About T.K. Maxx", T.K. Maxx. Retrieved on 10 August 2008.
^ Hoovers. "The TJX Companies, Inc", Answers.com. Retrieved on 25 June 2007.
^ "About T.K. Maxx", T.K. Maxx. Retrieved on 25 June 2007.
^ "Red Nose Day Partners", Comic Relief (2007-06-25). Retrieved on 25 June 2007.
^ "Millions are caught in great credit card heist", TimesOnline.co.uk (2007-03-30). Retrieved on 25 June 2007.
^ John E., Dunn (2007-06-12). "T.K. Maxx data breach costs could hit £800m", [http://www.ComputerWorldUK.com. Retrieved on 25 June 2007.

External links

v • d • e The TJX Companies, Inc.

Carol Meyrowitz (Director and President) Retailers: A.J. Wright · HomeGoods · HomeSense · Marshalls · StyleSense · The Maxx · T.J. Maxx · T.K. Maxx · Winners

Annual Revenue:▲ $17.4 billion USD (FY 2006) · Employees: 125,000 · Stock Symbol: NYSE: TJX · Website: www.tjx.com