Get ready to give your wallet a workout – TK Maxx is coming to Australia!
While the name may be foreign to some local shoppers, TK Maxx currently boasts over 350 stores in the UK and Ireland.
Offering up to 60 per cent off the retail price of major luxury brands, TK Maxx is set to take over 35 of Australia’s current Trade Secret outlets.
For now, the brands projected for the Australian stores are being kept a well-guarded secret, but shoppers in the UK are often treated to finds by Marc Jacobs, Alexander McQueen, Givenchy, Maison Margiela, Diane Von Furstenberg, and Roberto Cavalli.
European stores also stock the offshoot brand of fashion powerhouse Chloé; the See by Chloé collection includes pieces for both women and children.
How can they offer such huge discounts?
In a design similar to that employed by Aldi supermarket, the TK Maxx store layouts are simple and streamlined, with no physical barriers between departments.
The unconventional buying styles also contribute to the savings – some stock may be sourced from a brand that manufactures too much of a product, or is picked up when a department store cancels an order.
Australian shoppers have recently been spoiled with the introduction of several major international brands. Topshop, Zara, H&M, Sephora and Uniqlo have all found a foothold after hitting our shores.
The introduction of this department store mega-giant is set to reshape the Australian retail landscape, and both Myer and David Jones are predicted to feel the hit to their bottom line.
With new stock hitting stores several times per week, TK Maxx encourages a “treasure hunt” approach to shopping. Since every store is different, and staff are not aware of stock availability before it hits the floor, buyers often shop frantically.
If you want that size 7 shoe you’ve unearthed, be prepared to tussle for it; no extra stock is held in storage, so what you see is what you get!