The TJX Companies, Inc. Reports November 2001 Sales Above Expectations

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec. 6, 2001--The TJX Companies, Inc. (NYSE: TJX) today reported November 2001 sales results. Sales for the four-week period ended December 1, 2001 were $1,077 million, up 14% over $948 million achieved during the four-week period ended December 2, 2000. For the 43 weeks ended December 1, 2001, sales reached $8,644 million, an increase of 10% over last year's $7,834 million. Consolidated comparable store sales for the four-week period ended December 1, 2001 were up 3% 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 for November exceeded our expectations despite the challenges of the very promotional retail environment and unseasonably warm weather in much of the United States. TJX's sales performance was strong throughout the month, including the Thanksgiving weekend, and our momentum continued during the last weekend of the selling period. A liquid open-to-buy position allowed us to take full advantage of the extraordinary opportunities in the marketplace, which enabled us to offer our customers a constant flow of top brands at great prices while enhancing our margins. Inventories are in excellent shape and we will continue to ship fresh and exciting merchandise to our stores throughout 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 688 T.J. Maxx stores, 582 Marshalls, 112 HomeGoods and 45 A.J. Wright stores in the United States. In Canada, the Company operates 131 Winners and 7 HomeSense stores, and in Europe, 101 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 November 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, December 13, 2001. TJX expects to release its December sales results on Thursday, January 10, 2002 at approximately 8:15 a.m. EST. Concurrent with the press release, a recorded message with more detailed information regarding TJX's December sales results and its business will be available by calling [phone] or via the Internet at www.tjx.com. That recording will remain available via the phone and Internet through Thursday, January 17, 2002.