The TJX Companies, Inc. today reported January 2012 sales results. Sales for the four-week period ended Jan. 28 were $1.4 billion, up 5 percent over the $1.3 billion achieved during the four-week period ended Jan. 29, 2011. For the 52 weeks ended Jan. 28, sales reached $23.2 billion, up 6 percent over the $21.9 billion achieved during the 52-week period last year. Consolidated comparable store sales for the four-week period ended Jan. 28 increased 7 percent compared to last year. For the 13-week fourth quarter, consolidated comparable same store sales increased 7 percent over last year. For the 52-week, year-to-date period, consolidated comparable store sales increased 4 percent compared to last year.
Carol Meyrowitz, chief executive officer of The TJX Companies, Inc., stated, “We are pleased with our above-plan 7 percent comparable store sales increase in January on both a consolidated basis and at The Marmaxx Group. Further, every division of the Company delivered strong sales results in the month. We believe that our tremendous value proposition on great brands and fashions continued to drive large increases in customer traffic. It’s exciting to see so many customers drawn to our values and the strong momentum in our business as we enter the new fiscal year. In addition, with lean inventories that are in excellent shape, we are extremely well positioned to flow fresh, terrific spring product to our stores.”
