Press release from Business Wire
The TJX Companies, Inc. Reports November 2011 Sales
Thursday, December 01, 2011
FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported November 2011 sales results. Sales for the four-week period ended November 26, 2011, were $2.04 billion, up 4% over the $1.96 billion achieved during the four-week period ended November 27, 2010. For the 43 weeks ended November 26, 2011, sales reached $18.5 billion, up 5% over the $17.6 billion achieved during the 43-week period last year. Consolidated comparable store sales increased 4% compared to last year for the four-week period ended November 26, 2011. For the 43-week year-to-date period, consolidated comparable store sales increased 3% compared to last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased with our strong November comparable store sales increases of 4%, both on a consolidated basis and at The Marmaxx Group, our largest division. These increases were achieved despite the unseasonably warm weather in November, which hampered demand for cold-weather apparel in the second half of the month. Further, with our off-price retail model of offering great values every day, we typically stay out of the fray of Black Friday promotions, as we did again this year. We are excited about our prospects for the holiday selling season and the fourth quarter. We believe we have the most compelling gift-giving initiatives we have ever had and our marketing campaigns will be seen by more consumers this holiday season than ever before. Our customers will be able to shop us repeatedly during the holiday season to find new, exciting arrays of gift assortments each time they shop as we'll be continuously flowing merchandise to our stores. With our November comp sales increase, we're off to a very good start for the holidays and believe that our excellent value proposition on great, branded gift selections will be a terrific draw for customers!”
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 986 T.J. Maxx, 891 Marshalls, and 375 HomeGoods stores in the United States; 216 Winners, 86 HomeSense, 6 Marshalls, and 3 STYLESENSE stores in Canada; and 333 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available at www.tjx.com.
November and December Fiscal 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX's November 2011 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, December 8, 2011. The Company expects to release its December 2011 sales on Thursday, January 5, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's December sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, January 12, 2012.
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.
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.
Senior Vice President