The TJX Companies, Inc. Reports Strong August 2009 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today reported August 2009 sales results. Sales for the four-week period ended August 29, 2009, were $1.6 billion, up 6% over the $1.5 billion achieved during the four-week period ended August 30, 2008. For the 30 weeks ended August 29, 2009, sales reached $10.7 billion, up 3% over the $10.4 billion achieved during the 30-week period last year. Consolidated comparable store sales increased 5% compared to last year for the four-week period ended August 29, 2009. For the 30-week, year-to-date period, consolidated comparable store sales increased 3% compared to last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our strong sales momentum continued in August, with consolidated comparable store sales up 5% for the month, which was better than we had planned. Despite the tough economy, customer traffic counts remain extremely high. The marketplace is full of exciting merchandise and our stores continue to offer fresh selections of great brands and values for the back-to-school selling season. While still early, September is off to a solid start and merchandise margins continue to be strong. We are excited about our opportunities for the back half of the year and remain focused on the execution of our flexible, off-price business model.”

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 884 T.J. Maxx, 814 Marshalls, 323 HomeGoods, and 145 A.J. Wright stores in the United States. In Canada, the Company operates 207 Winners, 76 HomeSense and 3 STYLESENSE stores, and in Europe, 247 T.K. Maxx and 10 HomeSense stores. TJX’s press releases and financial information are also available on the Internet at www.tjx.com.

August and September Fiscal 2010 Sales Recorded Calls

A recorded message with more detailed information regarding TJX’s August 2009 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, September 10, 2009. The Company expects to release its September 2009 sales results on Thursday, October 8, 2009, at approximately 8:15 a.m. ET. 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 Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, October 15, 2009.

Important Information at Website

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. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.

Forward-looking Statement

SAFE HARBOR STATEMENT 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 are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: conditions of global economies and credit and financial markets; foreign currency exchange rates; execution of buying and inventory management; expansion of operations; identification of customer trends and preferences; fluctuation in results; risks of new market/category expansion; implementation of marketing, advertising and promotional programs; losses from and consequences of computer intrusion(s); seasonal influences; risks of operating a large, multi-division, multi-national business; unseasonable weather; competition; retention of personnel; acquisitions and divestitures; operation and implementation of information systems and technology; protection of data; level of cash flows generated; factors affecting consumer spending; merchandise quality and safety; import risks; risks of foreign operations; changes in laws and regulations; outcomes of litigation and proceedings; risks of real estate ownership and leasing; stock price fluctuations 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.