The TJX Companies, Inc. Reports March 2003 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--April 10, 2003--The TJX Companies, Inc. today reported March 2003 sales results. Sales for the five-week period ended April 5, 2003, were $1,109 million, up 5% over $1,059 million achieved during the five-week period ended April 6, 2002. For the nine weeks ended April 5, 2003, sales reached $1,885 million, a 4% increase over last year's $1,811 million. Consolidated comparable store sales for the five-week period ended April 5, 2003, decreased 2% against last year's very strong 10% increase. For the nine-week, year-to-date period, consolidated comparable store sales were down 3% against a 9% increase last year.

Edmond English, President and Chief Executive Officer of The TJX Companies, Inc., commented, "As we anticipated, March sales were negatively impacted by the calendar shift of the Easter shopping season into April. Our comparable store sales decrease of 2%, against a very strong 10% comp sales increase in March last year, was slightly below our expectations. We have been taking advantage of the abundance of great buys available to us in the marketplace, which positions us extremely well for the upcoming Easter 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 715 T.J. Maxx, 633 Marshalls, 144 HomeGoods and 77 A.J. Wright stores in the United States. In Canada, the Company operates 151 Winners and 19 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 March 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, April 17, 2003. TJX expects to release its April 2003 sales results on Thursday, May 8, 2003, at approximately 8:15 a.m. EST. Concurrent with the press release, a recorded message with more detailed information regarding TJX's April 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, May 15, 2003. Additionally, the Company expects to release first quarter fiscal 2004 earnings on Tuesday, May 13, 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, Inc., will hold a conference call with stock analysts to discuss the Company's first 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 by dialing 800-891-8246 through Tuesday, May 20, 2003.