The TJX Companies, Inc. reported December 2002 sales results. Sales for the five-week period ended January 4, 2003 were $1,602 million, up 10% over $1,456 million achieved during the five-week period ended January 5, 2002. For the 48 weeks ended January 4, 2003, sales reached $11,314 million, an increase of 12% over last year’s $10,100 million. Consolidated comparable store sales for the five-week period ended January 4, 2003 were up 1% over last year’s 10% increase. For the 48-week year-to-date period, consolidated comparable store sales increased 3% over last year.
Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, “We are pleased with our December comparable store sales increase, especially in light of our very strong performance last year. Our focus on gift merchandise and shipping fresh product late into the selling season enabled us to successfully meet the challenges of the difficult economic and highly promotional retail environments.”
