USA: The TJX Companies, Inc. Reports May 2000 Sales

The TJX Companies, Inc. (NYSE:TJX) today reported May 2000 sales results. Sales for the four week period ended May 27, 2000 were $741 million, up 9% over $681 million achieved during the four week period ended May 29, 1999. For the seventeen weeks ended May 27, 2000, sales reached $2,848 million, an increase of 9% over last year's $2,611 million. Consolidated comparable store sales for the four week period ended May 27, 2000 increased 3% over last year. For the seventeen week year-to-date period, consolidated comparable store sales increased 3% over last year. Edmond English, President and Chief Executive Officer of The TJX Companies, Inc. stated, "Given the periods of unseasonably cool weather in many regions of the country during May, we are pleased to have achieved a 3% comparable store sales increase. In addition, inventories remain very liquid and margins are in excellent shape." The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. 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, 61 T.J. Maxx stores. TJX's press releases and financial information are also available on the Internet at