It’s All About Bargains For Carol Meyrowitz

Most women are in the lookout for great bargains. There are actually branded clothes that can be bought at deep discounts when they are no longer in season or stocks levels need to be lowered. Like any woman Carol Meyrowitz is also after bargains, but it’s not just when she does shopping. It’s also when making deals with manufacturers. She after all is the CEO of TJX the top off-price retailing store in the U.S.

Carol began her career with TJX in 1983 starting out as a buyer.  Then in 1987 she started holding senior management positions with Marmaxx, Chadwick’s of Boston, and Hit or Miss until 2001. These were former divisions of TJX. Carol climbed further up the TJX hierarchy. She became executive vice president from 2001 to 2004 and then senior executive vice president from 2004 to 2005.  Carol was also president of The Marmaxx Group from 2001 to 2005.

Then her rapid rise came to an abrupt halt. From January 2005 to October 2005, her employment status changed to that of an advisor for TJX and she also did consultancy work for private equity firm, Berkshire Partners LLC.  This was actually part of her plan to look for a career outside of TJX.

TJX must have very much valued her talent; by October 17, 2005 she was appointed as president and became a member of the board of directors the following year.  On January 2007 Carol was promoted as the new CEO to TJX.

She heads a powerhouse retail chain that has over 1,700 stores. While TJX is associated with deep discounted prices, Carol has talent that the TJX board simply couldn’t discount.