The TJX Companies, Inc. reported sales for the four-week period ended Nov. 26 were $2.04 billion, up 4% over the $1.96 billion achieved during the four-week period ended Nov. 27, 2010.
For the 43 weeks ended Nov. 26, 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 Nov. 26. For the 43-week year-to-date period, consolidated comparable store sales increased 3% compared to last year.
“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,” said Carol Meyrowitz, CEO of The TJX Companies, Inc. “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,” Meyrowitz continued. “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!”
