December 5, 2022

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TJ Maxx rejects Yeezy brand amid fallout from Kanye West

TJ Maxx rejects Yeezy brand amid fallout from Kanye West


New York
CNN Business

The retailer announced Wednesday that the list of companies that cut ties with artist and designer Yi after a spate of anti-Semitic statements continues to grow, with TJ Maxx boycotting the clothing line.

The decision follows similar moves by Gap and Foot Locker to withdraw Yeezy products from their stores. Gap said it shut down YeezyGap.com as well. adidas on tuesday She ended her partnership with Yewho legally changed his name from Kanye West.

“We at TJX do not tolerate discrimination, harassment or hate of any kind. We have directed our purchasing teams not to purchase these merchandise for sale in any of our stores globally,” the retailer said in a statement emailed to CNNBusiness on Wednesday.

TJX

(TJX)
The companies run popular inexpensive retail chains TJ Maxx, Home Goods, and Marshalls.

These chains have become growing popularity In the current inflationary environment because they buy unwanted or surplus inventory from suppliers and retailers, including luxury brands like Gucci, Chanel and Prada, and sell them at a lower price.

With more retail chains announcing that they will no longer sell Yeezy-branded products, they will likely create a glut of these items – with nowhere to sell them.

The fallout has even affected the disgraced world of auction houses and private sales.

Christie’s Auctions, which was handling the private sale of a rare Nike Air Yeezy 1 prototype that West wore at the 2008 Grammy Awards, said it was no longer going ahead.

The sneaker was last sold for $1.8 million at Special sale at Sotheby’s In 2021 According to the report.

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“We do not sell any of these items and have no plans to do so,” a spokesperson for Christie’s said Wednesday.