Financial News

The TJX Companies, Inc. Reports Strong July 2007 Sales; Updates Second Quarter Outlook

The TJX Companies, Inc. (NYSE: TJX) today reported July 2007 sales results. Sales for the four-week period ended August 4, 2007, were $1.3 billion, up 8% over the $1.2 billion achieved during the four-week period ended August 5, 2006. For the 26 weeks ended August 4, 2007, sales reached $8.5 billion, an 8% increase over last years $7.9 billion. Consolidated comparable store sales for the four-week period ended August 4, 2007, increased 5% over last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, Continuing our trend, July consolidated comparable store sales were above our expectations, underscoring our belief that customers find our values on brand name fashions compelling, even in difficult consumer environments. As we move into the beginning of the fall season, our stores offer a great mix of brands and fashions. With three months of consistently strong performance, we look forward to reporting operating results for the second quarter.

The Company now expects second quarter earnings per share from continuing operations, excluding costs related to the previously announced computer intrusion(s), slightly above the high end of its previously expected range of $.34 to $.36. The Company continues to expect that second quarter earnings per share from continuing operations will be reduced by an estimated $.02 to $.03 for costs incurred during the second quarter related to the intrusion(s). The Company may record additional charges in this or succeeding quarters as costs and losses related to the intrusion(s) become both probable and reasonably estimable.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 832 T.J. Maxx, 765 Marshalls, 274 HomeGoods, and 128 A.J. Wright stores, as well as 34 Bobs Stores, in the United States. In Canada, the Company operates 185 Winners and 70 HomeSense stores, and in Europe, 212 T.K. Maxx stores. TJXs press releases and financial information are also available on the Internet at www.tjx.com.

July and August Fiscal 2008 Recorded Calls

A recorded message with more detailed information regarding TJXs July 2007 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, August 16, 2007. The Company expects to release its August 2007 sales results on Thursday, September 6, 2007, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJXs August sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, September 13, 2007.

Second Quarter Fiscal 2008 Conference Call

Additionally, the Company expects to release its second quarter earnings on Tuesday, August 14, 2007, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, President and Chief Executive Officer of TJX, will hold a conference call with stock analysts to discuss the Companys second quarter fiscal 2008 sales results, operations and business trends. A real-time webcast of the call will be available at www.tjx.com. A replay of the call will also be available at www.tjx.com or by dialing (866) 367-5577 through Tuesday, August 21, 2007.

Archived versions of the Companys recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone.

SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future, including projections of earnings per share and same store sales, are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: the results and effects of the intrusion or intrusions into our computer system including the outcome of our investigation, the extent of customer information compromised and consequences to our business including effects on sales and liabilities and costs; our ability to successfully expand our store base and increase same store sales; risks of expansion and costs of contraction; our ability to successfully implement our opportunistic inventory strategies and to effectively manage our inventories; successful advertising and promotion; consumer confidence, demand, spending habits and buying preferences; effects of unseasonable weather; competitive factors; factors affecting availability of store and distribution center locations on suitable terms; factors affecting our recruitment and employment of associates; factors affecting expenses; success of our acquisition and divestiture activities; our ability to successfully implement technologies and systems and protect data; our ability to continue to generate adequate cash flows; our ability to execute the share repurchase program; availability and cost of financing; general economic conditions, including gasoline prices; potential disruptions due to wars, natural disasters and other events beyond our control; changes in currency and exchange rates; import risks; adverse outcomes for any significant litigation; changes in laws and regulations and accounting rules and principles; adequacy of reserves; closing adjustments; effectiveness of internal controls; and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.

Contacts:

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Investor and Public Relations
(508) 390-2323

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