The TJX Companies, Inc. reported February sales reached $1.2 billion, up 6% over the $1.1 billion the prior year. Comparable store sales increased 2% over last year.
Carol Meyrowitz, president and CEO, stated, “While February comparable store sales came in as expected, we believe that the very harsh winter weather throughout many regions of the U.S. as we were transitioning our stores to spring apparel, had a dampening effect on our results. Our stores look extremely fresh and, with great liquidity in our inventories, we are well positioned to take advantage of opportunistic buys and flow exciting fashions and brands at compelling values to our stores.”
TJX operates 822 T.J. Maxx, 752 Marshalls, 270 HomeGoods, and 129 A.J. Wright stores, as well as 36 Bob's Stores, in the United States. In Canada, the company operates 184 Winners and 68 HomeSense stores, and in Europe, 210 T.K. Maxx stores.
