TJX Companies (TJX) Reports Increase in August Sales

The TJX Companies, Inc. (NYSE: TJX) reported August 2009 sales results.

Sales for the four-week period ended August 29, 2009, were $1.6 billion, up 6% over the $1.5 billion achieved during the four-week period ended August 30, 2008. For the 30 weeks ended August 29, 2009, sales reached $10.7 billion, up 3% over the $10.4 billion achieved during the 30-week period last year.

Consolidated comparable store sales increased 5% compared to last year for the four-week period ended August 29, 2009. For the 30-week, year-to-date period, consolidated comparable store sales increased 3% compared to last year.

"...While still early, September is off to a solid start and merchandise margins continue to be strong. We are excited about our opportunities for the back half of the year and remain focused on the execution of our flexible, off-price business model."

[SM]

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