Alfred Marshall, the founder of Marshalls retail stores, has passed away at the age of 94. His son, Ronald, confirmed his death, reports The New York Times. Marshall died on Dec. 28 after a short illness, according to his obituary on Seacoast Online. He was living in Boca Raton, Fla. at the time of his death.
According to his obituary, Marshall was a World War II veteran who laid the foundation for his retail career by operating a fruit stand and a grocery business in Beverly, Mass. that also sold wholesale cosmetics and baby goods. Marshall opened his first store in 1956, when he and a few business partners opened a self-service department store in Beverly, Massachusetts, offering apparel and homewares at alluringly low prices. He built the first Marshalls Department Store on Enon Street in North Beverly and by 1976 there were 36 Marshalls stores in New England and California. After the sale of the stores to Melville Corp. in 1976, he continued to operate five stores independently in St. Thomas, St. Croix and St. Maarten.
TJX Companies acquired all 496 Marshalls stores in 1995. Today, there are more than 900 Marshalls stores worldwide.
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