The TJX Companies, Inc. reported a 3% increase in fiscal February net sales to $1.3 billion from $1.2 billion for the same period last year. For the four-week period ended March 1, 2008, consolidated comparable store sales increased 3% over last year.
Carol Meyrowitz, president and CEO of The TJX Companies, Inc., stated, “Our consolidated comparable store sales increase of 3% in February was in line with our expectations, despite unfavorable weather patterns in parts of the U.S. We continue to deliver great values for our customers in a challenging retail environment. We have strong liquidity in our inventories, putting us in an excellent position to capitalize on marketplace opportunities. Our stores look extremely fresh as we begin the spring selling season.”
