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Press release from Business Wire

The TJX Companies, Inc. Reports November 2010 Sales at High End of Expectations

Thursday, December 02, 2010

The TJX Companies, Inc. Reports November 2010 Sales at High End of Expectations08:36 EST Thursday, December 02, 2010 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported November 2010 sales results. Sales for the four-week period ended November 27, 2010, were $2.0 billion, up 7% over the $1.8 billion achieved during the four-week period ended November 28, 2009. For the 43 weeks ended November 27, 2010, sales reached $17.6 billion, up 9% over the $16.2 billion achieved during the 43-week period last year. Consolidated comparable store sales increased 3% compared to last year for the four-week period ended November 27, 2010. For the 43-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, “We are pleased that November comparable store sales on both a consolidated basis and at The Marmaxx Group were at the high end of our estimated range. Further, in both cases, these increases were achieved on top of high-single-digit comp store sales increases last year. Business throughout the Thanksgiving week and weekend was brisk and customer traffic continued to be up over strong increases last year, underscoring our belief that value is key for shoppers this holiday season. We are in a better-than-ever position to offer customers a continuous, fresh flow of gift-giving items in many categories, with our inventory levels giving us tremendous ability to take advantage of the great brands we are seeing in the marketplace.” The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 924 T.J. Maxx, 832 Marshalls, 336 HomeGoods, and 162 A.J. Wright stores in the United States. In Canada, the Company operates 212 Winners, 82 HomeSense and 3 STYLESENSE stores, and in Europe, 307 T.K. Maxx and 24 HomeSense stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com. November and December Fiscal 2011 Sales Recorded Calls A recorded message with more detailed information regarding TJX's November 2010 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, December 9, 2010. The Company expects to release its December 2010 sales results on Thursday, January 6, 2011, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's December sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, January 13, 2011. 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