The TJX Companies, Inc. reported sales for the four-week period ended February 1, 2003 were $676 million, up 7% over $631 million achieved during the four-week period ended February 2, 2002. Consolidated comparable store sales January were down 2% against last year’s 4% increase.
For the 52 weeks ended February 1, 2003, sales reached $11,990 million, an increase of 12% over last year’s $10,731 million.
For the thirteen-week fourth quarter, consolidated comparable store sales were flat to last year’s 6% increase. For the 52-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, “January sales came in below our expectations, largely because of the unusually cold weather throughout the Southeast and Mid-Atlantic regions of the country. Looking ahead, we are well positioned for future growth with new stores performing strongly and well-managed inventories across all of our divisions.”
