The TJX Companies, Inc. and Consolidated SubsidiariesNotes to Consolidated Condensed Statements
- During the second quarter ended August 3, 2013, TJX repurchased 6.4 million shares of its common stock at a cost of $325 million. During the six months ended August 3, 2013, TJX repurchased 12.9 million shares of its common stock at a cost of $625 million. On February 5, 2013 the Board of Directors approved an additional $1.5 billion stock repurchase program. TJX records the repurchase of its stock on a cash basis, and the amounts reflected in the financial statements may vary from the above amounts due to the timing of settlement of repurchases.
- On December 21, 2012 TJX purchased Sierra Trading Post (STP), an off-price internet retailer for approximately $200 million, subject to customary post-closing adjustments. The operating results of STP since the date of acquisition are not material and have been included with the Company’s Marmaxx segment.
- On May 2, 2013 TJX issued $500 million of 2.50% ten year notes. The Company intends to use the proceeds from the notes offering for working capital and other general corporate purposes.