The TJX Cos. reported August 2010 sales
reached $1.7
billion, up 6% over the $1.6 billion achieved in the year-ago month. Consolidated comparable store sales
increased 2% compared to
last year.
For the 30 weeks ended August 28, 2010,
sales reached $11.7 billion, up 10% over the $10.7 billion a year ago. Comps increased 6%.
Carol Meyrowitz, president and chief executive officer, stated, “Our consolidated August comparable store sales
increase of 2% and The Marmaxx Group's comp sales increase of 3% were
both solidly in line with our expectations and achieved on top of
mid-single-digit comp sales increases last year. We continue to see
customer traffic increase and are confident that our excellent value
proposition on great fashions and brands is drawing people to our
stores. With very lean inventories, we are in an excellent position to
capitalize on the terrific buying opportunities on quality brands that
we are seeing in the marketplace as we move into the fall selling
season.”
