TJ Maxx to Open First NYC Store in Over a Decade

Discount retailer signs lease for 40,000-square-foot space near Macy's Herald Square

Feb. 2, 2026 at 5:55am

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TJ Maxx, the popular off-price retail chain owned by TJX Companies, has signed its first New York City lease in over 10 years. The new 40,000-square-foot store will be located at Herald Towers in Manhattan, just steps away from the iconic Macy's Herald Square department store.

Why it matters

This move signals a renewed focus on big-city growth for TJ Maxx, which had previously scaled back its urban footprint. The opening of this new flagship store near one of New York's most famous retail destinations could help drive increased foot traffic and sales for the discount retailer.

The details

The new TJ Maxx store will occupy a 40,000-square-foot space at Herald Towers, a mixed-use development located just a block away from Macy's Herald Square. This marks the first time TJ Maxx has opened a store in New York City in over a decade, as the company had previously focused more on suburban and exurban locations.

  • TJ Maxx last opened a store in New York City over 10 years ago.
  • The new 40,000-square-foot store is slated to open in 2026.

The players

TJX Companies

The parent company that owns the TJ Maxx retail chain.

Herald Towers

A mixed-use development in Manhattan where the new TJ Maxx store will be located, just steps away from Macy's Herald Square.

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What’s next

The new TJ Maxx store is expected to open at Herald Towers in Manhattan in 2026.

The takeaway

TJ Maxx's decision to open a new flagship store in the heart of New York City signals a strategic shift for the discount retailer, which is now focusing on growth in major urban markets after previously scaling back its urban footprint.