The TJX Companies, Inc. reported February 2009 sales results. Sales for the four-week period ended February 28, 2009, were $1.22 billion, down 2% versus the $1.25 billion achieved during the four-week period ended March 1, 2008, including the anticipated negative impact of foreign currency exchange rates. For the four-week period ended February 28, 2009, consolidated comparable store sales were flat versus last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Given the tough economic environment, we are pleased with February consolidated comparable store sales. Customer traffic continues to tell us that our excellent values are attracting customers despite the challenging times. We are taking a very conservative approach to managing the business, buying very sharply, and maintaining lean, fast-turning inventories. Our stores look extremely fresh as we enter the spring selling season.”
The TJX Companies, Inc. is the leading off-price retailer of apparel andhome fashions in the U.S. and worldwide. The Company operates 874 T.J. Maxx, 806 Marshalls, 318 HomeGoods, and 135 A.J. Wright stores in the United States. In Canada, the Company operates 200 Winners, 75 HomeSense, and 2 STYLESENSE stores, and in Europe, 234 T.K. Maxx and 7 HomeSense stores. TJXs press releases and financial information are also available on the Internet at www.tjx.com.
