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TK Maxx has reportedly edged out Arcadia’s Topshop to become the UK’s sixth-largest fashion group.
The discounter, owned by TJX UK, has said it hopes its excess stock from different brands will further boost its position, The Guardian reported.
TK Maxx snaps up mostly in-season fashion items which department stores and high-street chains have been unable to sell.
You can read the full Retail Gazette article here: https://www.retailgazette.co.uk/blog/2020/09/tk-maxx-beats-sir-philip-greens-topshop-to-become-uks-sixth-largest-fashion-group/
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