The TJX Companies reported August 2003 sales results. Sales for the four-week period ended August 30, 2003, were $995 million, up 8% over $920 million achieved during the same period, 2002. For the 30 weeks ended August 30, 2003, sales reached $6,893 million, an 8% increase over last year's $6,397 million. Consolidated comparable store sales for the four-week period increased 1% over last year. For the 30-week, year-to-date period, consolidated comparable store sales were flat versus last year's 4% increase.
Edmond J. English, President and Chief Executive Officer of The TJX Companies, Inc., stated, “After a strong start in August, our business was negatively impacted by the blackout, which closed 300 of our stores in both the U.S. and Canada for one to three days. Following the power outage, business was slow to rebound. As we enter September, sales have returned to anticipated levels. Inventories remain in great shape, which positions us well for the important fall selling season.”