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January 11, 2002

USA: TJX Benefits From Strong Discount Sales

Discount retailer TJX Cos said that December sales in stores open at least a year rose a healthy 10 per cent, and that fourth-quarter earnings topped forecasts. Sales in the five-week period ended Saturday rose 21 per cent to $1.46 billion from $1.21 billion in the comparable period a year earlier.

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