The TJX Companies, Inc. reported a 6% rise in net sales for the month of May to $1.45 billion from $1.37 billion last year. For the year-to-date period, sales reached $5.9 billion, up 6% over the $5.5 billion achieved during the year-ago period. Consolidated comparable sales for the month increased 2% over last year. For the year-to-date, consolidated comparable store sales increased 3% over last year.
Carol Meyrowitz, president and CEO of The TJX Companies, Inc., stated, “Our 2% consolidated comparable store sales increase in May was at the high end of our expectations and on top of a strong increase last year. All of our off-price divisions met or exceeded our expectations for comparable store sales increases in the month. In regions where weather was seasonable, comparable store sales were particularly strong. We achieved these results despite the challenging retail environment by remaining focused on the fundamentals of our off-price business model, with inventories in excellent shape. Throughout the month, we maintained a consistent flow of great brands and fresh fashion to our stores at compelling values that continue to resonate with our customers.”
