TJ Maxx says its assortment of discounted brands is better than ever thanks to store closures elsewhere. Here's how it keeps prices so low.

• TJ Maxx sells products at 20% to 60% cheaper than department stores and retailers.
• It does so by buying surplus inventory from retailers. 
• Recent store closures and a slowdown in consumer spending have given it access to more inventory.

Stores are closing and shoppers are cutting back on spending. TJ Maxx says its thriving because of this.

In a call with investors last month – announcing its fourth-quarter and fiscal 2023 earnings – CEO Ernie Herrman said that the company is in an extremely strong position when it comes to sourcing inventory, describing the current inventory availability as "phenomenal."