News

TJX buying Trade Secret for Australia expansion strategy

Off-price retailer move should be finalized by year's end.

July 30, 2015

TJX is aiming to move into Australia via an $80 million acquisition.

The purchase of off-price retailer Trade Secret, announcedTuesday, should be completed by year’s end.

Trade Secret, owned by Gazal Corp., currently owns 35 stores in Australia. TJX runs one of its 13 buying offices in Australia at this point.