Press Releases

the TJX Companies, Inc. Reports Strong February 2002 Sales

FRAMINGHAM, Mass.--()--March 7, 2002--The TJX Companies, Inc. (NYSE: TJX) today reported February 2002 sales results. Sales for the four-week period ended March 2, 2002 were $752 million, up 16% over $647 million achieved during the comparable four-week period ended March 3, 2001. Consolidated comparable store sales for the four-week period ended March 2, 2002 increased 7% over last year.

Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, "Having ended last year on a strong note, we are delighted that our sales momentum has continued into the first quarter. Each one of our divisions generated sales in February that were significantly above plan. We attribute this strong sales performance to the exciting, fresh merchandise that continues to flow through our stores at great values. By managing with very liquid open-to-buy positions at all of our businesses, we are able to take the best advantage of opportunities in the marketplace."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 687 T.J. Maxx, 582 Marshalls, 113 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, 102 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 February 2002 sales results and its business is available by calling 703-736-7248 or via the Internet at www.tjx.com. The recording will remain available via the phone and Internet through Thursday, March 14, 2002. TJX will release its March 2002 sales results on April 11, 2002 at approximately 8:15 a.m. EST. Concurrent with that press release, a recorded message with more detailed information regarding TJX's March sales results and its business will be available by calling 703-736-7248 or via the Internet at www.tjx.com. That recording will remain available via the phone and Internet through Thursday, April 18, 2002.

    
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