Financial News

The TJX Companies, Inc. Reports January 2008 Sales; Updates Fourth Quarter Outlook

The TJX Companies, Inc. (NYSE: TJX) today reported January 2008 sales results. Sales for the four-week period ended February 2, 2008, were $1.13 billion, up 7% over the $1.06 billion achieved during the four-week period ended February 3, 2007. For the 52 weeks ended February 2, 2008, sales reached $18.7 billion, a 7% increase over last years $17.4 billion. Consolidated comparable store sales for the four-week period ended February 2, 2008, 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 January was just below our expectations and was achieved on top of a 4% increase last year. Once again, we were extremely disciplined in managing our inventories and expenses, which allowed us to maintain very strong profit margins. We now expect fourth quarter earnings per share from continuing operations to be near the high end of our previously anticipated range of $.60 - $.63. We enter the spring selling season in an excellent position to drive sales, with great liquidity in our inventories. Further, we will continue to focus on inventory and expense management to deliver strong profit growth in a challenging retail environment.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 847 T.J. Maxx, 776 Marshalls, 289 HomeGoods, and 129 A.J. Wright stores, as well as 34 Bobs Stores, in the United States. In Canada, the Company operates 191 Winners and 71 HomeSense stores, and in Europe, 226 T.K. Maxx stores. TJXs press releases and financial information are also available on the Internet at www.tjx.com.

January and February 2008 Sales Recorded Calls

A recorded message with more detailed information regarding TJXs January 2008 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, February 14, 2008. The Company expects to release its February 2008 sales results on Thursday, March 6, 2008, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJXs February sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, March 13, 2008.

Fourth Quarter and Fiscal Year 2008 Conference Call

The Company expects to release fourth quarter and fiscal 2008 year-end earnings on Wednesday, February 20, 2008, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, President and Chief Executive Officer, TJX, will hold a conference call with stock analysts to discuss the Companys fiscal 2008 results, operations and business trends, as well as expectations for fiscal 2009. 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 Wednesday, February 27, 2008.

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 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 losses and expenses we may incur (which may be different from the amount we reserved and estimated and which differences may be material) and consequences to our business (including potential effects on our reputation and our sales) and to the value of our company and related value of our stock; the terms and completion of the settlement of the customer class actions; 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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