The TJX Companies, Inc. has announced that David Margolis will retire from active management of its Canadian division, Winners, effective June 27, 2003. Mr. Margolis will continue to act as an advisor to the division, providing mentoring and guidance. Michael MacMillan, age 46, Winners Executive Vice President, Merchandising and Planning, will assume the role of President of Winners Merchants International.
Edmond English, President and Chief Executive Officer of The TJX Companies, Inc., stated, “David Margolis has had a significant impact on the Canadian retail industry. He pioneered the off-price concept in Canada and literally changed the way people shop. He has grown Winners to its position as the leading off-price retailer in Canada. We are grateful to David for his leadership of this division and pleased that he will stay on in an advisory role.”
English continued, “Michael MacMillan has been with our Company for many years and with Winners since it became a TJX division. He knows every aspect of the Winners business inside and out, and I am confident in Michael’s ability to continue to grow Winners successfully.”
