-
TJX enters Australian off-price market
The TJX Companies is expanding into another country with its acquisition of Trade Secret’s 35 stores.
TJX announced it has completed its acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited for $59 million. The acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX currently operates one of its 13 buying offices.
-
Lululemon doubles down on 'kumbaya capitalism'
The CEO of Lululemon says the strategy of the brand is to grow the men’s business and to expand globally, while not giving up on having a devout yet irreverent corporate culture. “Our mission at Lululemon is to elevate the world to greatness,” Lululemon CEO Laurent Potdevin told the New York Times.

