Marshalls closes Hollywood and San José outlets
Popular discount retailer Marshalls closed two stores in California this month to adapt to an increasingly competitive retail environment.
One of the Marshalls on Hollywood Boulevard, near famous landmarks like the Hollywood Walk of Fame and TCL Chinese Theater, has closed and cannot be reached by phone.
The October Labor Adjustment and Retraining Notice submitted late last year stated that 62 employees would be laid off. An employee at a nearby Marshalls confirmed the closure.
A San José store also closed, affecting 64 employees. A recorded message from the store stated that the store was permanently closed.
Marshalls is part of TJX Companies, which also owns TJ Maxx, HomeGoods and Sierra.
last quarterThe company reported sales growth that exceeded its own expectations.
In a November earnings call, Chief Executive Officer Ernie Herrman said he was “extremely pleased” with the company’s quarterly performance and saw “great potential to continue capturing market share and successfully growing TJX around the world.”
There are more than 1,200 Marshalls locations in the U.S. and approximately 150 stores in California, the state with the most stores.
Several stores operate in Los Angeles, including those in Sawtelle and West Hollywood.
Despite Herrman’s optimism, the loss of Hollywood Boulevard Marshalls will be felt by the surrounding community and tourists who frequent the area.
The company did not respond to questions about why the location was closed.
Major retailers, including Macy’s, closed stores last year as inflation-pressured consumers pulled back on discretionary spending.
Teen jewelry and accessories retailer Claire’s filed for bankruptcy in August. Los Angeles-born iconic fashion brand Forever 21 also filed for bankruptcy for the second time last year and closed all its stores.
“Rising costs and increased competition from abroad have made our current business model unsustainable,” Forever 21 Chief Executive Officer Brad Sell said in a statement.
Marshalls is popular for carrying branded clothing, shoes and decor at discounted prices. Its competitors include Ross Dress for Less and JCPenney.
