FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 29, 2012--
The TJX Companies, Inc. (NYSE: TJX) today reported November 2012 sales
results. Sales for the four-week period ended November 24, 2012, were
$2.2 billion, up 7% over the $2.0 billion achieved during the four-week
period ended November 26, 2011. For the 43-week period ended November
24, 2012, sales reached $20.3 billion, a 10% increase over the $18.5
billion achieved in the same period last year. Consolidated comparable
store sales for the four-week period ended November 24, 2012, increased
3% over a 4% increase last year. For the 43-week, year-to-date period,
consolidated comparable store sales increased 7% over the same period
last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,
stated, “We are pleased that business trends in the second half of the
month were strong, leading to our comp store sales for November coming
in higher than we expected at a 3% increase. Business throughout the
Thanksgiving week and weekend was robust, even as we remained true to
our off-price practice of offering great values every
day, and stayed out of the fray of Black Friday promotions. Customer
traffic drove the comp increase again this month as consumers continued
to be drawn to the extreme values on our compelling, always-fresh,
branded merchandise mix. We continue to be excited about our prospects
for December and the fourth quarter: our marketing campaigns will be
seen by more consumers; we have fantastic gift-giving initiatives
underway in our stores; and we’ll be offering amazing values to
consumers! The holiday selling season is off to a very good start, and I
am convinced we will continue to bring new customers into our stores and
keep them coming back long after December.”
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 1,039 T.J.
Maxx, 912 Marshalls, and 417 HomeGoods stores in the United States; 222
Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 344 T.K.
Maxx and 24 HomeSense stores in Europe. TJX’s press releases and
financial information are also available at www.tjx.com.
November and December 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s
November 2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, December 6, 2012. The
Company expects to release its December 2012 sales on Thursday, January
3, 2013, at approximately 8:15 a.m. ET. Concurrent with that press
release, a recorded message with more detailed information regarding
TJX’s December sales, operations and business trends will be available
at www.tjx.com,
or by calling (703) 736-7248 through Thursday, January 10, 2013.
Important Information at Website
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.
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: buying and inventory management;
operational expansion and management of large size and scale; customer
trends and preferences; market, banner, geographic and category
expansion; marketing, advertising and promotional programs; competition;
personnel recruitment and retention; global economic conditions and
consumer spending; data security; information systems and technology;
seasonal influences; adverse or unseasonable weather; serious
disruptions and catastrophic events; corporate and banner reputation;
merchandise quality and safety; international operations; merchandise
importing; commodity pricing; foreign currency exchange rates;
fluctuations in quarterly operating results; market expectations;
acquisitions and divestitures; compliance with laws, regulations and
orders; changes in laws and regulations; outcomes of litigation, legal
matters and proceedings; tax matters; real estate activities; cash flow
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.
Source: The TJX Companies, Inc.
The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global
Communications
(508) 390-2323