The TJX Companies, Inc. Reports July 2003 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 7, 2003--The TJX Companies, Inc. today reported July 2003 sales results. Sales for the four-week period ended August 2, 2003, were $899 million, up 11% over $810 million achieved during the four-week period ended August 3, 2002. For the 26 weeks ended August 2, 2003, sales reached $5,898 million, an 8% increase over last year's $5,477 million. Consolidated comparable store sales for the four-week period ended August 2, 2003, increased 3% from last year. For the 13-week second quarter, comparable store sales increased 2% over last year. For the 26-week, year-to-date period, consolidated comparable store sales were flat versus last year's 4% increase.

Edmond J. English, President and Chief Executive Officer of The TJX Companies, Inc., stated, "Our 3% comparable store sales increase in July is within the range that we anticipated as we entered the month. Inventories are in excellent shape. We are shipping fresh and exciting fashions at great values to our stores for the upcoming back-to-school 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 727 T.J. Maxx, 649 Marshalls, 160 HomeGoods and 84 A.J. Wright stores in the United States. In Canada, the Company operates 154 Winners and 21 HomeSense stores, and in Europe, 132 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 July 2003 sales results, operations and business trends is available by calling [phone] or via the Internet at www.tjx.com. This recording will remain available via the phone and Internet through Thursday, August 14, 2003. Additionally, the Company expects to release its second quarter fiscal 2004 earnings on Tuesday, August 12, 2003, before 9:30 a.m. EDT. At 11:00 a.m. EDT 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 second quarter results, operations and business trends. 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 800-841-6832 through Tuesday, August 19, 2003.