TJ Maxx is a chain of stores all over the United States with more than 1000 stores selling clothes, shoes, toys, home décor, bath & beauty, accessories, etc. at a lower price than its competitors in the market. Price matching or price guarantee is a retail practice wherein some retailers set a policy to match the price of a product with the price offered by its competitor. Let us know more about that the Tj Maxx Price Match-Know More.
TJ Maxx does not price match with its competitors. TJ Maxx is very confident about the low prices it offers on the products and hence does not believe in price matching.
Why Do Retailers Price Match?
The price of a product is the first and foremost thing a customer will look at before buying a product. More often, customers also compare the prices for the same product available at different stores. Brands or retailers often opt for this strategy to attract more customers and offer them the best price for the product. Different retailers have different price match policies, some match the lower prices while some try to beat it, and some also offer refunds for the price difference to their customers for an already bought product.
Advantages of price match
Price match sometimes helps grow your business, attract more customers, boost sales, gain customers’ confidence, and is an important part of e-commerce pricing.
Disadvantages of price match
Various downsides of price matching are the decline in profit margins because you are unable to cover the operating costs and generate profit, high risk of price war wherein your competitors try to lower the price even further down which may urge you to lower the price even more and the cycle continues, risk of losing customers if your competitor price matches with you or sell products at a much lower price, and all of these lead to poor sale and loss.
How To Get Great Discounts At TJ Maxx?
As a customer, if you love bargains and discounts, consider the following tips to buy the best deals from TJ Maxx:
- TJ Maxx stores have markdowns every Wednesday which is a great time for buying products at discounted prices
- If there is a red tag it means the price of that product has been marked down and if there is a yellow tag, just buy it because that is the final marked-down price at TJ Maxx
- TJ Maxx hosts clearance sales twice every year during January and July which are the best times to shop your favorite products
- Opt for a TJX Rewards credit card if you are a regular shopper here to avail 10% discount on your first purchase, 5% rewards on every purchase made online or in-store from any of their sister stores, and special access to private shopping events
- Shop online for $89 or more and get free shipping within the U.S.
- Use TJ Maxx coupons and gift cards
- Subscribe to TJ Maxx newsletter and follow them on social media to know about the latest or upcoming sales, discounts, or promotions
How Is TJ Maxx So Cheap Without Practicing Price Match?
TJ Maxx does not practice price match because it already offers such low prices on all of its products. Here are a few reasons why TJ Maxx can sell at low prices:
- They hire designated buyers who plan, select, and buy merchandise all year round. Buying merchandise out of season makes it cheaper, they buy from all suppliers & brands, they buy from sales & new stores looking for growth & recognition, etc.
- They buy stuff from overstocks, which means a brand produces more than what its customer will buy, for a lower price and resell the same stuff in their stores
- TJ Maxx buys the returned products from dissatisfied customers; many products are returned by customers due to size issues/slight imperfections/dissatisfaction and these products are sold to TJ Maxx by brands for a lower price
- TJ Maxx adopts the strategy to display the clothes based on size and not group them category wise, the other items such as home décor, shoes, toys, etc. are not organized, and their stores have no-frills, this saves time, money, & efforts, and also makes hunting for bargains more exciting. They do not spend extra money on advertising or marketing as well.
- Certain branded products are manufactured exclusively for TJ Maxx and are sold only in their stores.
Conclusion
TJ Maxx does not practice price match and still manages to provide quality products at cheaper prices compared to its competitors. They rarely sell defective products and have a loyal customer base. As a customer, you can look out for clearance sales & shop on Wednesdays to bag maximum bargains from TJ Maxx.
Frequently Asked Questions
- Is TJ Maxx cheaper than other stores?
TJ Maxx is usually 20% to 50% cheaper compared to its competitors.
