The TJX Companies, Inc. Reports Strong July 2006 Sales; Updates Second Quarter Outlook

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 3, 2006--The TJX Companies, Inc. (NYSE: TJX) today reported July 2006 sales results. Sales for the four-week period ended July 29, 2006, were $1.2 billion, up 9% over the $1.1 billion achieved during the four-week period ended July 30, 2005. For the 26 weeks ended July 29, 2006, sales reached $7.9 billion, an 8% increase over last year's $7.3 billion. Consolidated comparable store sales for the four-week period ended July 29, 2006, increased 4% over last year. For the 13-week second quarter, comparable store sales increased 4% over last year. For the 26-week, year-to-date period, consolidated comparable store sales increased 3% over last year.

Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies, Inc., stated, "Our July consolidated comparable store sales increase of 4% was above our expectations, driven by on-plan performance at The Marmaxx Group and strong performance across most of our smaller divisions. With continued strong performance in July, we now expect second quarter earnings per share slightly above the high end of our originally anticipated range of $.24 - $.26."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 807 T.J. Maxx, 729 Marshalls, 260 HomeGoods, and 156 A.J. Wright stores, as well as 36 Bob's Stores, in the United States. In Canada, the Company operates 178 Winners and 61 HomeSense stores, and in Europe, 202 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com.

July and August Fiscal 2007 Sales Recorded Calls

A recorded message with more detailed information regarding TJX's July 2006 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling [phone] through Thursday, August 10, 2006. The Company expects to release its August 2006 sales results on Thursday, August 31, 2006, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's August sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling [phone] through Thursday, September 7, 2006.

Second Quarter Fiscal 2007 Conference Call

Additionally, the Company expects to release its second quarter earnings on Tuesday, August 15, 2006, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Ben Cammarata, Chairman and Acting Chief Executive Officer, and Carol Meyrowitz, President of TJX, will hold a conference call with stock analysts to discuss the Company's second quarter fiscal 2007 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 or by dialing [phone] through Tuesday, August 22, 2006.

Archived versions of the Company's recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone.

SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future, including projections of earnings per share and same store sales, are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: our ability to continue successful expansion of our store base and increase same store sales; risks of expansion; our ability to successfully implement our opportunistic inventory strategies and to effectively manage our inventories; successful advertising and promotion; consumer confidence, demand, spending habits and buying preferences; effects of unseasonable weather; competitive factors; factors affecting availability of store and distribution center locations on suitable terms; factors affecting our recruitment and employment of associates; factors affecting expenses; success of our acquisition and divestiture activities; our ability to successfully implement technologies and systems and protect data; our ability to continue to generate adequate cash flows; availability and cost of financing; general economic conditions, including gasoline prices; potential disruptions due to wars, natural disasters and other events beyond our control; changes in currency and exchange rates; import risks; adverse outcomes for any significant litigation; changes in laws and regulations and accounting rules and principles; closing adjustments; effectiveness of internal controls; and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.