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Home / Knowledge / News / Apparel/Garments / Sales soar at apparel brand TJX

Sales soar at apparel brand TJX

01
Dec '06
The TJX Companies Inc reported November 2006 sales results. The Company also announced the repositioning of its A.J. Wright division for future growth.

As part of this repositioning, the Company will close 34 of its 162 A.J. Wright stores during January 2007, and will record a charge that will reduce net income by an estimated $37 million, or $.08 per share, in the fourth quarter and fiscal year ending January 27, 2007 (see details below).

November 2006 Sales:
Sales for the four-week period ended November 25, 2006, were $1.6 billion, up 7% over the $1.5 billion achieved during the four-week period ended November 26, 2005. For the 43 weeks ended November 25, 2006, sales reached $13.9 billion, a 9% increase over last year's $12.8 billion.

Consolidated comparable store sales for the four-week period ended November 25, 2006, increased 3% over last year. For the 43-week period ended November 25, 2006, consolidated comparable store sales increased 4% over last year.

Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies Incstated, “Our November consolidated comparable store sales increase was in line with our expectations. The month got off to a strong start but, as it progressed, sales trends tapered somewhat as we experienced pockets of unseasonably mild weather."

"That said, sales for the Thanksgiving week met our expectations. Entering December, we continue to be well positioned as a shopping destination for gifts with great brands, fashion and values throughout the holiday season.”


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