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Press release from Business Wire

The TJX Companies, Inc. Reports May 2011 Sales

Thursday, June 02, 2011

The TJX Companies, Inc. Reports May 2011 Sales08:35 EDT Thursday, June 02, 2011 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported May 2011 sales results. Sales for the four-week period ended May 28, 2011, were $1.7 billion, up 7% over the $1.6 billion achieved during the four-week period ended May 29, 2010. For the 17-week period ended May 28, 2011, sales reached $6.9 billion, a 5% increase over the $6.6 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended May 28, 2011 increased 2% compared with a 4% increase in the same period last year. For the 17-week, year-to-date period, consolidated comparable store sales increased 2% over the same period last year. Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “Our 2% consolidated comparable store sales increase in May was in line with our expectations and achieved on top of a 4% increase last year, our most challenging monthly comparison of the quarter. We are pleased with The Marmaxx Group's continued strong performance, with comps up 4% despite the unseasonably cold and wet weather in the key Northeast region. Sales trends picked up as the weather turned warm exiting the month, which bodes well for the important month of June. Further, as we enter June, we are in a great position in terms of the seasonality and quality of our merchandise mix as well as our ability to take advantage of the exciting buys 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 963 T.J. Maxx, 875 Marshalls, and 359 HomeGoods stores in the United States, 213 Winners, 82 HomeSense, 5 Marshalls, and 3 STYLESENSE stores in Canada, and 319 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available on the Internet at www.tjx.com. May and June 2011 Sales Recorded Calls A recorded message with more detailed information regarding TJX's May 2011 sales, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, June 9, 2011. The Company expects to release its June 2011 sales on Thursday, July 7, 2011, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's June sales, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, July 14, 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; market, geographic and category expansion; customer trends and preferences; 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; commodity 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