St. Clairsville Marshalls opening date moving up
ST. CLAIRSVILLE — Marshalls Department Store has moved up its opening date at the Ohio Valley Mall with plans to welcome the public on Sept. 7.
In an era when many brick and mortar retailers are closing their doors, Marshalls’ parent company TJX Companies Inc. is expanding the number of physical shopping locations it owns. According to published reports, TJX opened 219 stores in 2016 and is not planning on closing any this year.
TJX is considered a leader in off-price retail clothing and home goods sales and ranks No. 87 in the 2017 Fortune 500 listings. Its holdings include T.J.Maxx, Marshalls, HomeGoods and Sierra Trading Post. In its last quarterly financial report published in May, TJX’s net sales increased 3 percent to $7.8 billion and its net income for the first quarter was $536 million.
Eric Herrman, CEO and president of TJX, states in the report that “consolidated comparable store sales were up 1 percent over last year’s strong 7 percent increase and at the high end of our plan. Earnings per share were 82 cents and above our plan. Comparable store sales growth was once again driven by customer traffic. We achieved these results despite the unfavorable weather in parts of the U.S. and Canada compared to last year.”
The company’s next quarterly financial report will be available to the public on Tuesday.
Ohio Valley Mall officials and Belmont County government leaders said they are looking forward to the opening of the Marshalls store because of its success at bringing in customers. They also hope the store will help increase the county’s sales tax revenue. County Auditor Andrew Sutak reported on Wednesday that the county’s sales tax receipts are down $989,781.64 from last year through the month of July.
“We cannot readily determine how much of the sales tax decline relates to brick and mortar shopping but assume that it is the majority of our current decline,” said county Commissioner Mark Thomas. “Marshalls is a great retailer and will draw many shoppers to the mall. Not only will their sales generate county taxes, we hope that it then transcends into more shopping at the other mall stores.”
Candi Noble-Greathouse said Marshalls began hiring employees last week through OhioMeansJobs.
“They had reached out to us previously and said they would be hiring here at the mall but we have not heard back from them about it,” Noble-Greathouse said. “I am assuming they found all the employees they need so far through the OhioMeansJobs website. We are very excited about Marshalls opening, and it will be here before you know it. Division 1 Donuts and Sweet Treats by Carrie will be opening soon, as well as Levin Furniture.”