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TJX Companies

PBN Staff

07/16/2001

770 Cochituate Road
Framingham, Mass. 01701
508-390-1000; fax 508-390-2091
Employees: 77,000

The TJX Companies are off-price retailers of apparel and home fashions, operating
in the United States 661 T.J. Maxx stores, 535 Marshalls, 81 Homegoods and 25
A.J. Wright Stores. In Canada, the company operates 117 Winners stores and in
Europe it has 74 T.K. Maxx stores. TJX Companies operates five T.J. Maxx stores
in Rhode Island, three Marshalls, two HomeGoods and two A.J. Wright stores. For
the quarter that ended April 28, the company’s sales increased 8 percent to $2.27
billion, while earnings decreased 5 percent to $123.7 million.

Stock Information
Exchange: NYSE
Symbol: TJX
Annual meeting: June 5, 2001
Shares of common stock outstanding as of July 5, 2001: 277,400,000
Stock price as of Friday, July 6, 2001: $30.92
Market value as of Friday, July 6, 2001: $8,577,208,000
12-month high stock price: $35.15
12-month low stock price: $15.81

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Operating Results
(dollars in thousands, except per share data)

For the years ending January:	27/2001	29/2000	30/1999
Net sales	$9,579,006	$8,795,347	$7,949,101
Net income	538,066	521,668	420,631
Net income per share	1.87	1.66	1.32
Total assets	2,932,283	2,804,963	2,747,846
Long-term debt	319,372	319,367	220,344
	2001	1999	1997
Shareholder’s equity	1,218,712	1,119,228	1,220,656

Directors

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Gary L. Crittenden, 47, director since 2000, executive vice president
and chief financial officer of American Express Co. Shares: 500

Edmond J. English, 48, director since 1999, chief executive officer of
the company. Shares: 235,763

Richard G. Lesser, 66, director since 1995, executive vice president
of the company. Shares: 210,170

Gail Deegan, 54, director since 2001, executive vice president and chief
financial officer of Houghton Mifflin Co. Shares: 2,000

Dennis F. Hightower, 59, director since 1996, former chief executive
officer of Europe Online Networks. Shares: 13,800

John F. O’Brien, 58, director since 1996, chief executive officer and
president of Allmerica Financial Corp. Shares: 22,000

Willow B. Shire, 53, director since 1995, executive consultant with Orchard
Consulting Group. Shares: 18,000

Bernard Cammarata, 61, director since 1989, chairman of the company. Shares:
2,026,250

Robert F. Shapiro, 66, director since 1974, partner of Klingenstein Fields
& Co., investment advisors. Shares: 64,500

Fletcher H. Wiley, 58, director since 1990, principal in and executive vice
president and general counsel of PRWT Services, Inc., technology products. Shares:
21,600

Directors’ fees
Non employee directors get an annual retainer of $30,000, plus $1,250 for each
board meeting attended and $1,000 for each committee meeting attended. Committee
chairs receive an annual fee of $5,000.

Institutional ownership
FMR Corporation (Fidelity Management & Research Corp.), 18,003,350 shares;
Wellington Management Co., 17,225,300 shares;
AXA Financial, 14,675,373 shares; and
Putnam Investment Management, Inc., 14,617,734 shares.

Executive compensation

Fiscal Year	2001	2000
Bernard Cammarata, chairman (1)	$576,983	2,370,364
Edmond J. English, president and CEO	$1,155,596	$886,013
Donald G. Campbell, executive vice president	$919,027	$983,888
Richard G. Lesser, executive v.p., chair of The Marmaxx Group	$1,490,334	$1,724,838
Peter Maich, executive vice president	$843,841	N/A
Carol Meyrowitz, executive v.p., pres., The Marmaxx Group	$711,843	$N/A

(1)Cammarata was chief executive officer of the company until April 2000 when
English was named chief executive officer.

Exercised stock options

	Shares acquired on exercise	Value realized
Bernard Cammarata	1,000,000	$16,905,059
Donald J. Campbell	80,000	41,583,746
Richard G. Lesser	98,640	$1,839,155
Peter A. Maich	90,000	$1,788,747