the TJX Companies, Inc. Reports October 2000 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 2, 2000--The TJX Companies, Inc. (NYSE:TJX) today reported October 2000 sales results. Sales for the four week period ended October 28, 2000 were $790 million, up 10% over $718 million achieved during the four week period ended October 30, 1999. For the 39 weeks ended October 28, 2000, sales reached $6,827 million, an increase of 9% over last year's $6,269 million. Consolidated comparable store sales for the four week period ended October 28, 2000 were up 3% over last year. For the 39 week year-to-date period, consolidated comparable store sales increased 2% over last year. For the thirteen week third quarter, comparable store sales increased 3% over last year.

Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, "We are pleased to have achieved our sales goal for October, with broad-based strength throughout all regions of the country. We are particularly pleased with our double digit West Coast comp store sales performance. Additionally, new store openings at all of our divisions continue to be extremely strong. We have increased our inventory levels in seasonal and gift giving merchandise, which positions us well for a great 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 654 T.J. Maxx, 533 Marshalls, 69 HomeGoods and 22 A.J. Wright stores in the United States. In Canada, the Company operates 116 Winners, and in Europe, 72 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com.

A recorded message with more detailed information regarding TJX's October sales results is available by calling [phone] or via the Internet at www.tjx.com. The sales recording will remain available via the phone and Internet through Thursday, November 9, 2000. Additionally, the Company expects to release its third quarter fiscal 2001 earnings on Tuesday, November 14, 2000 before 9:30 a.m. EST. At 11:00 a.m. EST that day, Edmond English, President and Chief Executive Officer of The TJX Companies, will hold a conference call with stock analysts to discuss the Company's third quarter results. A real time webcast of the call will be available at www.tjx.com. A replay of the call will also be available at www.tjx.com and at [phone] through November 21.