Press release from Business Wire
The TJX Companies, Inc. Reports August 2010 Sales
Thursday, September 02, 2010
The TJX Companies, Inc. Reports August 2010 Sales08:30 EDT Thursday, September 02, 2010 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported August 2010 sales results. Sales for the four-week period ended August 28, 2010, were $1.7 billion, up 6% over the $1.6 billion achieved during the four-week period ended August 29, 2009. For the 30 weeks ended August 28, 2010, sales reached $11.7 billion, up 10% over the $10.7 billion achieved during the 30-week period last year. Consolidated comparable store sales for the four-week period ended August 28, 2010, increased 2% compared to last year. For the 30-week, year-to-date period, consolidated comparable store sales increased 6% compared to last year. Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our consolidated August comparable store sales increase of 2% and The Marmaxx Group's comp sales increase of 3% were both solidly in line with our expectations and achieved on top of mid-single-digit comp sales increases last year. We continue to see customer traffic increase and are confident that our excellent value proposition on great fashions and brands is drawing people to our stores. With very lean inventories, we are in an excellent position to capitalize on the terrific buying opportunities on quality brands that we are seeing in the marketplace as we move into the 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 909 T.J. Maxx, 822 Marshalls, 329 HomeGoods, and 156 A.J. Wright stores in the United States. In Canada, the Company operates 208 Winners, 80 HomeSense and 3 STYLESENSE stores, and in Europe, 286 T.K. Maxx and 23 HomeSense stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com. August and September Fiscal 2011 Sales Recorded Calls A recorded message with more detailed information regarding TJX's August 2010 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, September 9, 2010. The Company expects to release its September 2010 sales results on Thursday, October 7, 2010, 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 14, 2010. 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: global economies and credit and financial markets; foreign currency exchange rates; buying and inventory management; customer trends and preferences; market, geographic and category expansion; quarterly operating results; marketing, advertising and promotional programs; data security; seasonal influences; large size and scale; unseasonable weather; serious disruptions and catastrophic events; competition; personnel recruitment and retention; acquisitions and divestitures; information systems and technology; cash flows; consumer spending; merchandise quality and safety; merchandise importing; international operations; oil prices; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation and proceedings; real estate leasing; market expectations; tax matters 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.