Back Bay, Boston, September 30, 2025
News Summary
TJ Maxx has announced the permanent closure of its store located on Newbury Street in Boston’s Back Bay, expected by early 2026. This decision will affect 117 employees, with layoffs commencing shortly after the closure. The store has been a fixture since opening in 2016, and its closure will create a significant vacancy in a prime retail area. The decision is part of a broader real estate assessment by TJX Companies, which continues to see sales growth across its divisions.
Boston — TJ Maxx on Newbury Street in Boston’s Back Bay neighborhood is scheduled to close in early 2026. The store’s closure is expected by January 3, 2026, as confirmed by a spokesperson for the company. The closure will result in the layoff of 117 employees, effective January 5, 2026. The store’s closure is permanent, according to the Worker Adjustment and Retraining Act notice filed by TJX.
What is happening and when
The company has announced a permanent shutdown of the Newbury Street location. This store is located at 360 Newbury St. and is a three-story building at the corner of Newbury Street and Massachusetts Avenue. The closure will leave a large vacancy in a high-visibility location. The decision to close the store is part of TJX’s ongoing assessment of their real estate strategies.
Immediate impact
The closure will directly affect store staff. The affected employees from the Newbury Street store are not unionized, but the company will offer transfer opportunities to other locations. The layoff date for employees who are not transferred is set for January 5, 2026. The company has filed a Worker Adjustment and Retraining Act notice that marks the closure as permanent.
Location and local retail context
The Newbury Street store opened in 2016, replacing a Best Buy location that closed in 2012. Previous retailers at the site included Tower Records and Virgin Megastore before TJ Maxx took over. There are two other TJ Maxx locations in Boston: one in Downtown Crossing and another in South Bay Center.
Visibility and retail vacancy
Because the store sits at a prominent corner in the Back Bay, the closure will leave a large vacancy in a high-visibility location. Local commercial landlords and neighboring businesses will likely see the vacancy shift foot traffic patterns along Newbury Street and the surrounding blocks.
Corporate and financial context
TJX Companies, based in Framingham, has had its headquarters in the Boston area for nearly 50 years. At the end of the company’s fiscal year in February, TJX reported a net sales increase of 4% compared to the previous year, totaling $56.4 billion. CEO Ernie Herrman stated that customer transactions were up across all divisions as a result of strong demand in both U.S. and international markets. The company framed the Newbury Street decision as part of larger real estate and operational evaluations rather than a reflection of overall sales performance.
Next steps for employees and the site
The company will offer transfer opportunities to other locations for affected staff. The closure and accompanying WARN notice set firm dates for the shutdown and layoffs. The combination of a permanent closure and the site’s prominence means it will likely draw interest from other retailers or commercial tenants once the space becomes available.
Background and history
The Newbury Street TJ Maxx store opened in 2016, replacing a Best Buy location that closed in 2012. Previous retailers at the site included Tower Records and Virgin Megastore before TJ Maxx took over. Over several decades, the location has hosted several national retail names and has been part of Newbury Street’s evolution as a major retail corridor in Boston.
FAQ
When will the TJ Maxx on Newbury Street close?
TJ Maxx on Newbury Street in Boston’s Back Bay neighborhood is scheduled to close in early 2026. The store’s closure is expected by January 3, 2026, as confirmed by a spokesperson for the company.
How many employees will be affected and when?
The closure will result in the layoff of 117 employees, effective January 5, 2026.
Where is the store located?
This store is located at 360 Newbury St. and is a three-story building at the corner of Newbury Street and Massachusetts Avenue.
Is the closure permanent?
The store’s closure is permanent, according to the Worker Adjustment and Retraining Act notice filed by TJX.
Are employees unionized and will they be offered other opportunities?
The affected employees from the Newbury Street store are not unionized, but the company will offer transfer opportunities to other locations.
Why did the company decide to close the store?
The decision to close the store is part of TJX’s ongoing assessment of their real estate strategies.
How does this fit into the company’s larger performance?
At the end of the company’s fiscal year in February, TJX reported a net sales increase of 4% compared to the previous year, totaling $56.4 billion. CEO Ernie Herrman stated that customer transactions were up across all divisions as a result of strong demand in both U.S. and international markets.
Are there other TJ Maxx locations in Boston?
There are two other TJ Maxx locations in Boston: one in Downtown Crossing and another in South Bay Center.
What is the site’s retail history?
The Newbury Street TJ Maxx store opened in 2016, replacing a Best Buy location that closed in 2012. Previous retailers at the site included Tower Records and Virgin Megastore before TJ Maxx took over.
What is the likely local effect of the closure?
The closure will leave a large vacancy in a high-visibility location.
Quick reference table
| Item | Detail |
|---|---|
| Store | TJ Maxx on Newbury Street in Boston’s Back Bay neighborhood |
| Address | 360 Newbury St. (three-story building at the corner of Newbury Street and Massachusetts Avenue) |
| Closure timing | Expected by January 3, 2026 (scheduled to close in early 2026) |
| Layoffs | 117 employees, effective January 5, 2026 |
| Union status | The affected employees from the Newbury Street store are not unionized |
| Employee options | The company will offer transfer opportunities to other locations |
| Closure status | Permanent (per Worker Adjustment and Retraining Act notice filed by TJX) |
| Other Boston locations | There are two other TJ Maxx locations in Boston: one in Downtown Crossing and another in South Bay Center |
| Company HQ | TJX Companies, based in Framingham, has had its headquarters in the Boston area for nearly 50 years |
| Financial note | At the end of the company’s fiscal year in February, TJX reported a net sales increase of 4% compared to the previous year, totaling $56.4 billion |
| Site history | The Newbury Street TJ Maxx store opened in 2016, replacing a Best Buy location that closed in 2012; previous retailers at the site included Tower Records and Virgin Megastore before TJ Maxx took over |
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Additional Resources
- Boston.com: TJ Maxx to Close Newbury Street Store
- Patriot Ledger: Newbury Street TJ Maxx Closure
- CBS News: TJ Maxx Boston Closure
- Wikipedia: TJ Maxx
- Google Search: TJ Maxx closure
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