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The TJX Companies, Inc. Reports Very Strong October 2009 Sales; Sees Third Quarter EPS at or Slightly Above High End of Prior Range

FRAMINGHAM, Mass. - (BUSINESS WIRE) - The TJX Companies, Inc. (NYSE: TJX) today reported October 2009 sales results. Sales for the four-week period ended October 31, 2009, were $1.7 billion, up 15% over the $1.5 billion achieved during the four-week period ended November 1, 2008. For the 39 weeks ended October 31, 2009, sales reached $14.3 billion, up 5% over the $13.6 billion achieved during the 39-week period last year. Consolidated comparable store sales increased 10% compared to last year for the four-week period ended October 31, 2009. For the 13-week third quarter, consolidated comparable store sales increased 7% over last year. For the 39-week, year-to-date period, consolidated comparable store sales increased 5% compared to last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, "Our consolidated comparable store sales increase of 10% in October reflects the strong momentum of our business. We believe our values and selection of great fashions and great brands continue to get even better and have broad reach across a wide range of customer demographic groups. We are particularly pleased with our 12% comp sales increase at The Marmaxx Group (the combination of T.J. Maxx and Marshalls), where customer traffic continued to drive sales throughout the month, boding well for the holiday season. With our continued strong performance, we now expect third quarter Fiscal 2010 diluted earnings per share from continuing operations to be at or slightly above our recently raised range of $.77 to $.79. We continue to see plentiful buying opportunities in the marketplace as we open new vendor doors throughout the world. We look forward to the holiday selling season when we will be flowing fresh and exciting assortments to our stores frequently to offer our customers great selections for their gift giving needs."

Details on Comparability of Third Quarter Results

It is important to note that any comparisons of projected third quarter results to prior year are impacted by a non-operating item last year and foreign currency exchange rates. Please go to the Reconciliation of Financials section of the Company's website at www.tjx.com for details on the comparability of these items.

October and November Fiscal 2010 Sales Recorded Calls

A recorded message with more detailed information regarding TJX's October 2009 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, November 12, 2009. The Company expects to release its November 2009 sales results on Thursday, December 3, 2009, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's November sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, December 10, 2009.

Third Quarter Fiscal 2010 Conference Call

The Company expects to release its third quarter earnings on Tuesday, November 17, 2009, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, TJX's President and Chief Executive Officer, will hold a conference call with stock analysts to discuss the Company's third quarter Fiscal 2010 results, operations and business trends. A real-time webcast of the call will be available at www.tjx.com. A replay of the call will also be available at www.tjx.com or by dialing (866) 367-5577 through Tuesday, November 24, 2009.

Important Information at Website

Archived versions of the Company's recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.

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 889 T.J. Maxx, 820 Marshalls, 324 HomeGoods, and 148 A.J. Wright stores in the United States. In Canada, the Company operates 208 Winners, 79 HomeSense and 3 STYLESENSE stores, and in Europe, 262 T.K. Maxx and 14 HomeSense stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com.

Forward-looking Statement

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: conditions of global economies and credit and financial markets; foreign currency exchange rates; execution of buying and inventory management; expansion of operations; identification of customer trends and preferences; fluctuation in results; risks of new market/category expansion; implementation of marketing, advertising and promotional programs; losses from and consequences of computer intrusion(s) and data theft, loss or misuse; seasonal influences; risks of operating a large, multi-division, multi-national business; unseasonable weather; competition; retention of personnel; acquisitions and divestitures; operation and implementation of information systems and technology; protection of data; level of cash flows generated; factors affecting consumer spending; merchandise quality and safety; import risks; risks of foreign operations; changes in laws and regulations; outcomes of litigation and proceedings; risks of real estate ownership and leasing; stock price fluctuations and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Investor and Public Relations
(508) 390-2323

Tags: Business wire, massachusetts, Medical, Consulting, Accounting and other Professional Services, Banking and Finance, Wal Mart, Sears, Nordstrom and other Retail

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