The TJX Cos., Inc., the parent of TJ Maxx and Marshalls, reported sales during August reached $1.6 billion, up 6% over the $1.5 billion achieved in the same month a year ago. Consolidated comparable store sales increased 5%.
For the 30 weeks ended August 29,sales reached $10.7 billion, up 3% over the $10.4 billion achieved a year ago. Comps increased 3%.
Carol Meyrowitz, president and chief executive officer of The TJX Companies, stated, “Our strong sales momentum continued in August, with consolidated comparable store sales up 5% for the month, which was better than we had planned. Despite the tough economy, customer traffic counts remain extremely high. The marketplace is full of exciting merchandise and our stores continue to offer fresh selections of great brands and values for the back-to-school selling season. While still early, September is off to a solid start and merchandise margins continue to be strong. We are excited about our opportunities for the back half of the year and remain focused on the execution of our flexible, off-price business model.”
The TJX Companies operates 884 T.J. Maxx, 814 Marshalls, 323 HomeGoods, and 145 A.J. Wright stores in the United States. In Canada, the company operates 207 Winners, 76 HomeSense and 3 STYLESENSE stores, and in Europe, 247 T.K. Maxx and 10 HomeSense stores.
