The popular discount retailer Marshalls has closed two locations in California this month as it adapts to an increasingly competitive retail environment. <\/p>\n
One of the Marshalls on Hollywood Boulevard, near famous landmarks such as the Hollywood Walk of Fame<\/a> and TCL Chinese Theatre, has closed and was unreachable by phone. <\/p>\n An October Worker Adjustment and Retraining Notice, filed late last year, said 62 employees would be laid off. An employee at a nearby Marshalls confirmed the closure. <\/p>\n A San Jos\u00e9 storefront also shut down, affecting 64 employees. A recorded message from the store said it has closed permanently. <\/p>\n Marshalls is part of TJX Companies, which also owns T.J. Maxx, HomeGoods and Sierra. <\/p>\n Last quarter<\/a>, the company reported sales growth that exceeded its own expectations. <\/p>\n In an earnings call in November, Chief Executive Ernie Herrman said he was \u201cextremely pleased\u201d with the company\u2019s quarterly performance and sees \u201cgreat potential to continue capturing market share and successfully growing TJX around the globe.\u201d<\/p>\n There are more than 1,200 Marshalls locations in the U.S. and about 150 in California, the state with the most stores. <\/p>\n Several stores operate in Los Angeles, including ones in Sawtelle and West Hollywood. <\/p>\n Despite Herrman\u2019s optimism, the loss of the Hollywood Boulevard Marshalls will be felt by the surrounding community and tourists who frequent the area. <\/p>\n The company did not respond to questions about why the location was shut down. <\/p>\n Major retailers, including Macy\u2019s,<\/a> closed locations last year as consumers under pressure from inflation are pulling back on discretionary spending. <\/p>\n