TK Maxx overtakes Topshop in UK despite Covid crisis

It has quietly outgrown Topshop to become the UK’s sixth-largest fashion group. Now TK Maxx is hoping a glut of unsold clothing from rivals will further boost its fortunes.

The cut-price US-owned retail group sells an eclectic mix from a Moschino-collared jacket at £99.99, to a Gucci handbag at nearly £1,000 and Sloggi knickers at £2.99. It may only stock one or two pieces of each style or a few items of big-name beauty or homewares brands, but the low prices attached – the Gucci bag…

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