USA: The TJX Companies' Sales Up In June 2000
The TJX Companies, Inc (NYSE: TJX) today reported June 2000 sales results. Sales for the five week period ended July 1, 2000 were $885 million, up 6% over $836 million achieved during the five week period ended July 3, 1999. For the 22 weeks ended July 1, 2000, sales reached $3,733 million, an increase of 8% over last year's $3,447 million. Consolidated comparable store sales for the five week period ended July 1, 2000 were 1% below last year. For the 22 week year-to-date period, consolidated comparable store sales increased 2% over last year. Edmond English, president and chief executive Officer of The TJX Companies, Inc stated: "Unseasonably cool weather for much of June throughout many regions of the country caused us to fall short of our sales expectations. We performed well in regions where weather was seasonable, namely the West Coast, the Southwest and Florida. In addition, June presented one of our toughest sales comparisons to last year. Although June sales were below our objectives, we remain in an excellent inventory position, which allows us to continue to flow fresh and exciting merchandise into our stores." The TJX Companies, Inc is the leading off-price retailer of apparel and home fashions in the US and worldwide. The company operates 639 T.J. Maxx, 519 Marshalls, 60 HomeGoods and 19 A.J. Wright stores in the United States. In Canada, the company operates 106 Winners, and in Europe, 64 T.K. Maxx stores.
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