The TJX Companies, Inc. Reports February 2013 Sales
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYS: 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.
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.
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 and the success of transitions; 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.
The TJX Companies, Inc.
Senior Vice President
KEYWORDS: United States North America Massachusetts
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