The TJX Companies, Inc. Reports April 2000 Sales

FRAMINGHAM, Mass.--(BUSINESS WIRE)--May 4, 2000--The TJX Companies, Inc. (NYSE: TJX) today reported April 2000 sales results. Sales for the four week period ended April 29, 2000 were $702 million, up 11% over $635 million achieved during the four week period ended May 1, 1999. For the thirteen weeks ended April 29, 2000, sales reached $2,107 million, an increase of 9% over last year's $1,930 million. Consolidated comparable store sales for the four week period ended April 29, 2000 increased 5% over last year. For the thirteen week year-to-date period, consolidated comparable store sales increased 3% over last year.

Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, "Although we did benefit from the calendar shift in pre-Easter business from March last year to April this year, unseasonably cold weather in the Northeast and Midwest adversely impacted our April sales results. Where weather was not a factor, on the West Coast and in the Southern regions, sales were well above our expectations. Additionally, our inventories and margins remain in excellent shape."

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 637 T.J. Maxx, 510 Marshalls, 55 HomeGoods and 18 A.J. Wright stores in the United States. In Canada, the Company operates 105 Winners, and in Europe, 57 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com.