The TJX Companies, Inc. today reported May 2002 sales results. Sales for the four-week period ended June 1, 2002 were $884 million, up 12 percent over $789 million achieved during the same four-week period ended June 2, 2001. For the seventeen weeks ended June 1, 2002, sales reached $3,594 million, an increase of 16 percent over last year’s $3,110 million. Consolidated comparable store sales for the four-week period ended June 1, 2002 increased 3 percent over last year. For the seventeen-week period ended June 1, 2002, consolidated comparable store sales increased 6 percent.
Edmond J. English, president and CEO of The TJX Companies, Inc. said he was pleased that the company achieved a 3 percent comparable store sales increase despite the unseasonably cool weather in many parts of the country.
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“Our inventories remain in excellent shape with large open-to-buy positions, allowing us to take full advantage of the plentiful opportunities in the market as we move into the summer selling season.”
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates 703 T.J. Maxx, 599 Marshalls, 129 HomeGoods and 56 A.J. Wright stores in the United States. In Canada, TJX operates 137 Winners and 11 HomeSense stores, and in Europe, 110 stores operating under the moniker T.K. Maxx.
