The TJX Companies, Inc. Reports August 2003 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Sept. 4, 2003--The TJX Companies, Inc. today reported August 2003 sales results. Sales for the four-week period ended August 30, 2003, were $995 million, up 8% over $920 million achieved during the four-week period ended August 31, 2002. For the 30 weeks ended August 30, 2003, sales reached $6,893 million, an 8% increase over last year's $6,397 million. Consolidated comparable store sales for the four-week period ended August 30, 2003, increased 1% over last year. For the 30-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, "After a strong start in August, our business was negatively impacted by the blackout, which closed 300 of our stores in both the U.S. and Canada for one to three days. Following the power outage, business was slow to rebound. As we enter September, sales have returned to anticipated levels. Inventories remain in great shape, which positions us well for the important fall 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 732 T.J. Maxx, 650 Marshalls, 166 HomeGoods and 86 A.J. Wright stores in the United States. In Canada, the Company operates 154 Winners and 22 HomeSense stores, and in Europe, 134 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 August 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, September 11, 2003. The Company expects to release its September 2003 sales on Thursday, October 9, 2003, at approximately 8:15 a.m. Concurrent with that press release, a recorded message with more detailed information regarding TJX's September sales results, operations and business trends will be available via the phone and Internet through Thursday, October 16, 2003.