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TJX sees strong liquidity in inventories
07
Mar '08
The TJX Companies Inc reported February 2008 sales results. Sales for the four-week period ended March 1, 2008, were $1.3 billion, up 6% over the $1.2 billion achieved during the four-week period ended March 3, 2007. For the four-week period ended March 1, 2008, consolidated comparable store sales increased 3% over last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our consolidated comparable store sales increase of 3% in February was in line with our expectations, despite unfavorable weather patterns in parts of the U.S. We continue to deliver great values for our customers in a challenging retail environment.

We have strong liquidity in our inventories, putting us in an excellent position to capitalize on marketplace opportunities. Our stores look extremely fresh as we begin the spring selling season.”

The TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide.

TJX Companies Inc

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