December 10, 2010 by staff
AJ WRIGHT, (AP) – TJX Cos. said it is shuttering its AJ Wright discount stores, cutting 4,400 jobs and to convert the stores to other brands such as TJ Maxx. There are several AJ Wright locations in central New York, two in the city of Syracuse.
Ninety-one stores will be converted to TJ Maxx, Marshalls or HomeGoods stores and 71 will be closed and two distribution centers. About 4,400 jobs will be eliminated and 3,400 staff will remain employed in the converted stores.
TJX said the move allows the company, based in Framingham, Mass., to focus on its more profitable activities.
The 162 AJ Wright stores will close in mid-February. And 91 will reopen under a different name, after eight weeks.
The move will cost 150 million and 170 million to close stores and $ 12 million to 15 million and to convert 91 stores to reopen.
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