TJX Cos. Acquires Internet Off-price Retailer Sierra Trading Post

摘要

Off-price retail chain The TJX Companies Inc. has acquired Sierra Trading Post, an off-price Internet retailer based in Cheyenne, Wyoming. The purchase price was about $200 million and was paid in cash and financed from TJX's existing cash balances. Sierra Trading Post is a privately held company that launched its e-commerce business in 1999 and has grown to over $200 million in annual revenue with about 700 employees.