The TJX Companies, Inc. Reports July 2000 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 3, 2000--The TJX Companies, Inc. (NYSE:TJX) today reported July 2000 sales results. Sales for the four week period ended July 29, 2000 were $633 million, up 8% over $586 million achieved during the four week period ended July 31, 1999. For the 26 weeks ended July 29, 2000, sales reached $4,366 million, an increase of 8% over last year's $4,033 million. Consolidated comparable store sales for the four week period ended July 29, 2000 were up 1% over last year. For the 26 week year-to-date period, consolidated comparable store sales increased 2% over last year.

Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, "Although July sales came in slightly below our objectives, we are pleased that our margins in the second quarter remain in excellent shape. Further, our inventories remain very liquid, positioning us well for the important back-to-school selling 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 639 T.J. Maxx, 519 Marshalls, 60 HomeGoods and 19 A.J. Wright stores in the United States. In Canada, the Company operates 106 Winners, and in Europe, 64 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com.