Zayre is a chain of discount stores that operate in all 50 of the United States, Washington D.C., and its territories. The company's headquarters are in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain, and in June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx. Consequently, Ames and Zayre decided to form a new company entitled Ames Brands. In 1998, Ames Brands later acquired Hills. The TJX Companies is still in operation today. Also, Ames Brands currently owns the Ames, Zayre, and Hills companies as of 2015.