Why bargain hunters’ dream TK Maxx is such big business

Why bargain hunters’ dream TK Maxx is such big business

It appears WA is in want of a little bit of retail remedy.

The announcement TK Maxx will quickly throw open the doorways of its first Perth retailer has sparked pandemonium amongst budget-conscious fashionistas determined to get their fingers on just a few bargains.

And it’s not simply the patrons who’re excited concerning the announcement.

“Cheap stuff means high volume, which means big revenues,” says Grafa’s Heidi Cuthbert on the newest episode of The West Australian’s new finance present Trading Up. “The parent company of TK Maxx clocked about $US50 billion in total turnover last year.”

Also on Trading Up, why Aussie householders could possibly be going through a unfavourable fairness nightmare, the massive news Rupert Murdoch’s shock engagement helps to overshadow, and why small oil and fuel producer Brookside Energy was essentially the most Googled inventory on the ASX on Tuesday.

WATCH THE LATEST EPISODE IN THE VIDEO PLAYER ABOVE

Source: www.perthnow.com.au