The TJX Companies, Inc. Reports November 1999 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec. 2, 1999--The TJX Companies, Inc. (NYSE:TJX) today reported November 1999 sales results. Sales for the four week period ended November 27, 1999 were $814 million up 5% over $772 million achieved during the four week period ended November 28, 1998. For the 43 weeks ended November 27, 1999, sales reached $7,122 million, an increase of 11% over last year's $6,438 million. Consolidated comparable store sales for the four week period ended November 27, 1999 declined 1% from last year. For the 43 week year-to-date period, consolidated comparable store sales increased 5%.

Bernard Cammarata, Chairman and Chief Executive Officer of The TJX Companies, Inc. stated, "Apparel sales for the Company in November were impacted by unusually warm weather patterns throughout much of the country. Non-apparel sales, which are typically less affected by unseasonable weather, continued to perform well. With inventories in good shape, we continue to flow fresh and exciting merchandise into our stores and look forward to a successful holiday season."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 632 T.J. Maxx, 505 Marshalls, 50 HomeGoods and 15 A.J. Wright stores in the United States. In Canada, the Company operates 100 Winners and, in Europe, 54 T.K. Maxx stores. TJX's press releases and financial information are available on the Internet at www.tjx.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Certain statements contained in this release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: general economic conditions and consumer demand and consumer preferences and weather patterns in the U.S., Canada and Europe, particularly the United Kingdom; competitive factors, including continuing pressure from pricing and promotional activities of major competitors, impact of excess retail capacity and the availability of desirable store locations on suitable terms; the availability, selection and purchasing of attractive merchandise on favorable terms; import risks, including potential disruptions and duties, tariffs and quotas on imported merchandise, including economic and political problems in countries from which merchandise is imported; currency and exchange rate factors in the Company's foreign operations; risks in the development of new businesses and application of the Company's off-price strategies in foreign countries; acquisition and divestment activities; risks and uncertainties relating to the year 2000 issue; and other factors that may be described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.