The TJX Companies, Inc. Reports Strong May 2004 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--June 3, 2004--The TJX Companies, Inc. (NYSE: TJX) today reported May 2004 sales results. Sales for the four-week period ended May 29, 2004, were $1.1 billion, up 13% over the $975 million achieved during the four-week period ended May 31, 2003. For the seventeen weeks ended May 29, 2004, sales reached $4.5 billion, a 17% increase over last year's $3.8 billion. Consolidated comparable store sales for the four-week period ended May 29, 2004, increased 5% over last year. For the seventeen-week period ended May 29, 2004, consolidated comparable store sales increased 7% over last year.

Edmond J. English, President and Chief Executive Officer of The TJX Companies, Inc., commented, "We are very pleased with our strong performance in May. Demand for fashion across accessories, footwear and women's apparel remained strong and helped fuel results for the month. Our inventories are very liquid and we are well positioned to take advantage of the numerous in-season buying opportunities in the marketplace."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 754 T.J. Maxx, 683 Marshalls, 189 HomeGoods, and 108 A.J. Wright stores, as well as 31 Bob's Stores, in the United States. In Canada, the Company operates 162 Winners and 31 HomeSense stores, and in Europe, 150 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 2004 sales results, operations and business trends 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 10, 2004. Additionally, the Company expects to release its June 2004 sales on Thursday, July 8, 2004, at approximately 8:15 a.m. EDT. Concurrent with that press release, a recorded message with more detailed information regarding TJX's June sales results, operations and business trends 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, July 15, 2004. Archived versions of our recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone.