The TJX Companies, Inc. reported sales for the four-week period ended Nov. 24 were $2.2 billion, up 7 percent over the $2.0 billion achieved during the four-week period ended Nov. 26, 2011. Consolidated comparable store sales for the four-week period increased 3 percent from last year’s comparable period.
For the 43-week period ended Nov. 24, sales reached $20.3 billion, a 10 percent increase over the $18.5 billion achieved in the comparable period last year. For the 43-week, year-to-date period, consolidated comparable store sales increased 7 percent over the same period last year.
“We are pleased that business trends in the second half of the month were strong, leading to our comp store sales for November coming in higher than we expected at a 3 percent increase,” stated Carol Meyrowitz, CEO of The TJX Companies, Inc. “Business throughout the Thanksgiving week and weekend was robust, even as we remained true to our off-price practice of offering great values every day, and stayed out of the fray of Black Friday promotions. Customer traffic drove the comp increase again this month as consumers continued to be drawn to the extreme values on our compelling, always-fresh, branded merchandise mix. We continue to be excited about our prospects for December and the fourth quarter: our marketing campaigns will be seen by more consumers; we have fantastic gift-giving initiatives underway in our stores; and we’ll be offering amazing values to consumers. The holiday selling season is off to a very good start, and I am convinced we will continue to bring new customers into our stores and keep them coming back long after December.”
