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Press release from Business Wire

The TJX Companies, Inc. Reports October 2010 Sales; Updates Third Quarter Guidance

Thursday, November 04, 2010

The TJX Companies, Inc. Reports October 2010 Sales; Updates Third Quarter Guidance08:37 EDT Thursday, November 04, 2010 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported October 2010 sales results. Sales for the four-week period ended October 30, 2010, were $1.8 billion, up 5% over the $1.7 billion achieved during the four-week period ended October 31, 2009. For the 39 weeks ended October 30, 2010, sales reached $15.6 billion, up 9% over the $14.3 billion achieved during the 39-week period last year. Consolidated comparable store sales were flat compared to last year for the four-week period ended October 30, 2010. For the 13-week third quarter, consolidated comparable store sales increased 1% over last year. For the 39-week, year-to-date period, consolidated comparable store sales increased 4% compared to last year. Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our October comparable store sales, both on a consolidated basis and at The Marmaxx Group, came in at the high end of our expected range and were achieved on top of double digit increases last year. I am particularly pleased as October was one of the warmest in recent history, which was not conducive to shopping for cold weather apparel. With strong merchandise margins continuing in the third quarter, we now expect earnings per share for the quarter to be at the high end of our projected range of $.89 - $.91. We are in a great position to make the right buys and flow the right merchandise into our stores throughout the holiday season and continue to see opportunities to drive sales and margins in the fourth quarter.” The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 919 T.J. Maxx, 832 Marshalls, 336 HomeGoods, and 161 A.J. Wright stores in the United States. In Canada, the Company operates 212 Winners, 82 HomeSense and 3 STYLESENSE stores, and in Europe, 304 T.K. Maxx and 24 HomeSense stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com. October and November Fiscal 2011 Sales Recorded Calls A recorded message with more detailed information regarding TJX's October 2010 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, November 11, 2010. The Company expects to release its November 2010 sales results on Thursday, December 2, 2010, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's November sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, December 9, 2010. Third Quarter Fiscal 2011 Conference Call Additionally, the Company expects to release its third quarter earnings on Tuesday, November 16, 2010, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, TJX's President and Chief Executive Officer, will hold a conference call with stock analysts to discuss the Company's third quarter Fiscal 2011 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 (866) 367-5577 through Tuesday, November 23, 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. The TJX Companies, Inc.Sherry LangSenior Vice PresidentGlobal Communications(508) 390-2323