The TJX Companies, Inc. Reports November 2000 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 30, 2000--The TJX Companies, Inc. (NYSE:TJX) today reported November 2000 sales results. Sales for the four week period ended November 25, 2000 were $892 million, up 9% over $820 million achieved during the four week period ended November 27, 1999. For the 43 weeks ended November 25, 2000, sales reached $7,719 million, an increase of 9% over last year's $7,089 million. Consolidated comparable store sales for the four week period ended November 25, 2000 were up 2% over last year. For the 43 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, "We are pleased that sales picked up in the last two weeks of November and that we had a good Thanksgiving weekend, which enabled us to exceed our sales goal for the month. We achieved this performance despite the highly promotional retail environment. This reinforces our confidence in our ability to compete effectively during such times, offering great value to our customers while maintaining strong margins. Our heightened focus on gift-giving merchandise has been well received. Inventories are in good shape as we continue to ship fresh and exciting merchandise to our stores for the 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 662 T.J. Maxx, 536 Marshalls, 81 HomeGoods and 25 A.J. Wright stores in the United States. In Canada, the Company operates 117 Winners, and in Europe, 74 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 November 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, December 7, 2000. Additionally, the Company expects to release its December sales results on Thursday, January 4, 2001 at 8:15 a.m. Concurrent with the press release, a recorded message with more detailed information regarding TJX's December sales results will be available by calling [phone] or via the Internet at www.tjx.com. The December sales recording will remain available via the phone and the Internet through Thursday, January 11, 2001.