The TJX Companies, Inc. Reports Above Plan October 2001 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 8, 2001--The TJX Companies, Inc. (NYSE: TJX) today reported October 2001 sales results. Sales for the four-week period ended November 3, 2001 were $885 million, up 12% over $787 million achieved during the four-week period ended November 4, 2000. For the 39 weeks ended November 3, 2001, sales reached $7,567 million, an increase of 10% over last year's $6,886 million. Consolidated comparable store sales for the four-week period ended November 3, 2001 were up 4% over last year. For the 39-week year-to-date period, consolidated comparable store sales increased 2% over last year. For the thirteen-week 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 that sales in October came in slightly ahead of plan despite a very difficult retail environment. We ended October with very liquid inventories, positioning us extremely well to take full advantage of the tremendous buys in the marketplace as we begin the holiday 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 681 T.J. Maxx, 573 Marshalls, 109 HomeGoods and 40 A.J. Wright stores in the United States. In Canada, the Company operates 129 Winners and 7 HomeSense stores, and in Europe, 99 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 on TJX's October 2001 sales results and its business is available by calling [phone] or via the Internet at www.tjx.com. The recording will be available via the phone and Internet through Thursday, November 15, 2001. TJX expects to release its third quarter fiscal 2002 earnings on Tuesday, November 13, 2001 before 9:30 a.m. EST. Additionally, 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 20, 2001.