The TJX Companies, Inc. Reports January Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Feb. 6, 2003--The TJX Companies, Inc. today reported January 2003 sales results. Sales for the four-week period ended February 1, 2003 were $676 million, up 7% over $631 million achieved during the four-week period ended February 2, 2002. For the 52 weeks ended February 1, 2003, sales reached $11,990 million, an increase of 12% over last year's $10,731 million. Consolidated comparable store sales for the four-week period ended February 1, 2003 were down 2% against last year's 4% increase. For the thirteen-week fourth quarter, consolidated comparable store sales were flat to last year's 6% increase. For the 52-week year-to-date period, consolidated comparable store sales increased 3% over last year.

Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, "January sales came in below our expectations, largely because of the unusually cold weather throughout the Southeast and Mid-Atlantic regions of the country. Looking ahead, we are well positioned for future growth with new stores performing strongly and well-managed inventories across all of our divisions."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 713 T.J. Maxx, 629 Marshalls, 142 HomeGoods and 75 A.J. Wright stores in the United States. In Canada, the Company operates 146 Winners and 15 HomeSense stores, and in Europe, 123 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 January 2003 sales results and its business 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, February 13, 2003. TJX expects to release its February 2003 sales results on Thursday, March 6, 2003 at approximately 8:15 a.m. EST. Concurrent with the press release, a recorded message with more detailed information regarding TJX's February sales results and its business will be available by calling [phone] or via the Internet at www.tjx.com. That sales recording will remain available via the phone and Internet through Thursday, March 13, 2003. Additionally, the Company expects to release its fourth quarter and fiscal 2003 year-end earnings on Wednesday, February 26, 2003 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 year-end results and expectations for fiscal 2004. A real-time webcast of the call will be available at www.tjx.com. A replay of the call will also be available by dialing 800-839-5749 through March 5, 2003.