The TJX Companies reported December 2003 sales results. Sales were $1,806 million, up 13% over $1,602 million achieved during the five-week period ended January 4, 2003. For the 48 weeks ended January 3, 2004, sales reached
$12,384 million, an increase of 9% over last year's $11,314 million. Consolidated comparable store sales for the five-week period ended January 3, 2004, were up 4% over last year. For the 48-week,
year-to-date period, consolidated comparable store sales increased 1%
over last year.
Edmond English, President and Chief Executive Officer of The TJX
Companies, Inc., stated, “We are pleased that our December sales came
in at the upper end of our revised range. As we expected, the holiday
selling season came late this year and our sales surged towards the
end of the month. Our strategy of flowing fresh merchandise to our
stores right up until the holidays served us extremely well. We ended
December with our inventories in excellent shape and are very pleased
with the strength of our merchandise margins.”
