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The TJX Companies, Inc. Reports February 2013 Sales

Stocks in this article: TJX

The TJX Companies, Inc. (NYSE: TJX) today reported February 2013 sales results. Sales for the four-week period ended March 2, 2013, were $1.8 billion, up 7% over the $1.6 billion achieved during the four-week period ended February 25, 2012. Consolidated comparable store sales for the four-week period ended March 2, 2013, were up 1%.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “Business trends picked up at the very end of the month, leading to our February comp store sales coming in higher than expected at a 1% increase. Winter storms in many U.S. and Canadian regions kept customers at home, but we were pleased to see our momentum continue in warmer weather markets. Further, our home businesses, which are less weather sensitive, were strong across the board. We are also happy with the continued strength of our European businesses. As we move through the spring selling season, we are in an excellent position to continue shipping great brands and fresh fashions to our stores at extreme values.”

About The TJX Companies, Inc.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 1,036 T.J. Maxx, 904 Marshalls, 416 HomeGoods and 4 Sierra Trading Post stores as well as SierraTradingPost.com in the United States; 222 Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 348 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.

February and March 2013 Sales Recorded Calls

A recorded message with more detailed information regarding TJX’s February 2013 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, March 14, 2013. The Company expects to release its March 2013 sales on Thursday, April 11, 2013, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s March sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, April 18, 2013.

Discontinuing Monthly Sales Reporting

The Company recently announced that beginning with the Fiscal 2014 second quarter, it will no longer report monthly sales, consistent with the retail industry trend. The Company will continue its current practices through the end of the Fiscal 2014 first quarter, reporting sales for March and April, and move to a quarterly reporting schedule thereafter. The Company believes that this is the right practice for TJX and its shareholders, reflecting the long-term approach it takes in planning and running its business.

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