The TJX Companies, Inc. Reports May 2003 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--June 5, 2003--The TJX Companies, Inc. today reported May 2003 sales results. Sales for the four-week period ended May 31, 2003, were $975 million, up 10% over $884 million achieved during the four-week period ended June 1, 2002. For the seventeen weeks ended May 31, 2003, sales reached $3,816 million, a 6% increase over last year's $3,594 million. Consolidated comparable store sales for the four-week period ended May 31, 2003, increased 3% over last year. For the seventeen-week period ended May 31, 2003, consolidated comparable store sales decreased 1% versus a strong 6% increase last year.

Edmond J. English, President and Chief Executive Officer of The TJX Companies, Inc., commented, "We achieved a 3% comparable store sales increase on a consolidated basis despite the unseasonably cool weather that prevailed in many regions of the country. We continue to make great buys in the marketplace and are flowing fresh and exciting merchandise to our stores every week."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 726 T.J. Maxx, 645 Marshalls, 157 HomeGoods and 85 A.J. Wright stores in the United States. In Canada, the Company operates 154 Winners and 21 HomeSense stores, and in Europe, 126 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 May 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, June 12, 2003. Additionally, the Company expects to release its June 2003 sales on Thursday, July 10, 2003, at approximately 8:15 a.m. Concurrent with that press release, a recorded message with more detailed information regarding TJX's June sales results and its business will be available via the phone and Internet through Thursday, July 17, 2003.