TJX the parent company of TJ Maxx, Marshalls, HomeGoods and AJ Wright has announced that they are closing all AJ Wright stores in 60 days. They will also be closing two warehouses one here in Fall River and the other in Indiana. The closings will put over 1,400 Massachusetts employees out of work, about 800 of them in the Fall River area alone.
Companies are in the business of making money. That's the goal and the priority. I get that, and if AJ Wright was losing money I could understand this decision. However AJ Wright is estimated to have made 10 million dollars in after tax profit for the year. So this decision isn't about making profit, it's about making MORE profit. I get that companies are not obligated to have a moral conscience but something seems terribly wrong with closing a profitable division and putting over 4,000 people out of work because you want to make MORE money.
In this economy companies should take pride in putting people back to work not laying them off so the rich can get richer.
In Fall River the AJ Wright Warehouse may be closing but the AJ Wright store will be renovated and converted to either a TJ Maxx, Marshalls or HomeGoods store but really let me give TJX some advice..just close the store. After all you're putting 800 people out of work, so they can't shop there. Fall River already has over 5,000 citizens looking for work so they're not going to be shopping there either. No, you'd be better off closing it now. Think of your investors!
But if you decide to go ahead and open your store anyway I won't be shopping there. You see as a corporation you have the right to decide what to do with your assets. You can open locations and close them however you see fit and for whatever reason you see fit. You can even close a profitable division simply to make MORE money. But I get to decide where I spend my money and I'm not giving it to a company that puts people out of work simply for greed.
I would urge anyone reading this to considering not giving your business to TJ Maxx, Marshalls, HomeGoods, or AJ Wright.