TJ Maxx coming to the Magnificent Mile - FOX 32 News Chicago

TJ Maxx coming to the Magnificent Mile

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CHICAGO (FOX 32 News) -

The Magnificent Mile is known for its high-end shopping.

“Exclusive stores, just luxury shopping,” said Nichole Pippin.

“It's a really great area, a lot of places to shop,” said Drew Dumont.

“Probably the best variety of shopping in the country,” said Erica Sechrist.

When FOX 32's Tisha Lewis told those same shoppers discount-retailer TJ Maxx was moving to the block, “I think that will be great,” said Pippin.

“I'm actually kind of surprised. When I think of TJ Maxx, I think of more of a suburban outlet store,” said Dumont.

“I'm not surprised. I mean you have Marshalls close by as well so yeah, it's not surprising, it make sense,” said Sechrist.

There is no doubt the luxury look for less at discount retailers is attracting shoppers, leaving high-end stores vying for those same dollars.

“I think these days everyone loves a good bargain, don't they and if it's going to be like high end luxury items as well, yeah,” said Natalie Jarran.

T.J. Maxx will open its doors at 600 North Michigan Avenue in less than 24 hours. The Mag Mile's newest store is filled with brand name fashion for up to 60 percent off regular brand prices.

“We've had discount operators and we've had high end luxury. That's one of the reasons why our vacancy rate is so low on the avenue,” said John Chikow.

Chikow is President of the Magnificent Mile Association. He says a variety of stores is good for business.

“What that means is 5.5 percent of the available square footage on Michigan Avenue is available for lease. That's a phenomenal number, we haven't seen numbers like that in years,” said Chikow.

“What it means is that mom can come and shop at the high end while the kids go shop at the more bargain conscious and everybody is happy,” said Chikow.

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