The TJX Companies, Inc. Reports Above-Plan November 2012 Comp Sales
FRAMINGHAM, Mass. - (BUSINESS WIRE) - The TJX Companies, Inc. (NYSE: TJX) today reported November 2012 sales results. Sales for the four-week period ended November 24, 2012, were $2.2 billion, up 7% over the $2.0 billion achieved during the four-week period ended November 26, 2011. For the 43-week period ended November 24, 2012, sales reached $20.3 billion, a 10% increase over the $18.5 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended November 24, 2012, increased 3% over a 4% increase last year. For the 43-week, year-to-date period, consolidated comparable store sales increased 7% over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, "We are pleased that business trends in the second half of the month were strong, leading to our comp store sales for November coming in higher than we expected at a 3% increase. Business throughout the Thanksgiving week and weekend was robust, even as we remained true to our off-price practice of offering great values every day, and stayed out of the fray of Black Friday promotions. Customer traffic drove the comp increase again this month as consumers continued to be drawn to the extreme values on our compelling, always-fresh, branded merchandise mix. We continue to be excited about our prospects for December and the fourth quarter: our marketing campaigns will be seen by more consumers; we have fantastic gift-giving initiatives underway in our stores; and we'll be offering amazing values to consumers! The holiday selling season is off to a very good start, and I am convinced we will continue to bring new customers into our stores and keep them coming back long after December."
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