FRAMINGHAM, Mass., Sep 04, 2008 (BUSINESS WIRE) -- The TJX Companies, Inc. (NYSE: TJX) today reported August 2008 sales
results. Sales for the four-week period ended August 30, 2008, were $1.5
billion, up 4% over the $1.4 billion achieved during the four-week
period ended September 1, 2007. For the 30 weeks ended August 30, 2008,
sales reached $10.4 billion, up 6% over the $9.7 billion achieved during
the 30 weeks ended September 1, 2007. Consolidated comparable store
sales for the four-week period ended August 30, 2008, were flat compared
to last year. Foreign currency exchange rates negatively impacted August
comparable store sales by approximately one percentage point, which was
unanticipated. For the 30-week period ended August 30, 2008,
consolidated comparable store sales increased 3% over last year. As a
result of the sale of Bob's Stores on August 19, 2008, sales from Bob's
Stores have been reclassified as a discontinued operation and therefore
are not included in these sales results.

Carol Meyrowitz, President and Chief Executive Officer of The TJX
Companies, Inc., stated, "Our August
consolidated comparable store sales results were slightly below plan,
driven by the unanticipated negative impact of foreign exchange rates.
Additionally, as we have previously mentioned, we entered August with
leaner clearance merchandise and have geared our back-to-school
marketing and merchandising toward September. Margins remain strong and
with great liquidity in our inventories, we are in an excellent position
to pursue our opportunistic buying strategies."

The TJX Companies, Inc. is the leading off-price retailer of apparel and
home fashions in the U.S. and worldwide. The Company operates 861 T.J.
Maxx, 801 Marshalls, 301 HomeGoods, and 133 A.J. Wright stores in the
United States. In Canada, the Company operates 198 Winners and 75
HomeSense stores, and in Europe, 233 T.K. Maxx and 6 HomeSense stores.
TJX's press releases and financial information
are also available on the Internet at www.tjx.com.

A recorded message with more detailed information regarding TJX's
August 2008 sales results, operations and business trends is available
via the Internet at www.tjx.com,
or by calling (703) 736-7248 through Thursday, September 11, 2008. The
Company expects to release its September 2008 sales results on Thursday,
October 9, 2008, at approximately 8:15 a.m. ET. Concurrent with that
press release, a recorded message with more detailed information
regarding TJX's September sales results,
operations and business trends will be available via the Internet at www.tjx.com,
or by calling (703) 736-7248 through Thursday, October 16, 2008.
Archived versions of the Company's recorded
messages and conference calls are available at www.tjx.com
after they are no longer available by telephone. The Company routinely
posts information that may be important to investors in the Investor
Information section at www.tjx.com.
The Company encourages investors to consult that section of its website
regularly.

SAFE HARBOR STATEMENT 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: matters relating to the computer
intrusion(s) including potential losses that could differ from our
reserve, potential effects on our reputation and sales, compliance with
orders, and other consequences to the value of our Company and related
value of our stock; our ability to successfully expand our store base
and increase comparable store sales; risks of expansion and costs of
contraction; risks inherent in foreign operations; our ability to
successfully implement our opportunistic buying strategies and to manage
our inventories effectively; successful advertising and promotion;
consumer confidence, demand, spending habits and buying preferences;
effects of unseasonable weather; competitive factors; availability of
store and distribution center locations on suitable terms; our ability
to recruit and retain 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 our
share repurchase program; availability and cost of financing; general
economic conditions, including fluctuations in the price of oil;
potential disruptions due to wars, natural disasters and other events
beyond our control; changes in currency and exchange rates; issues with
merchandise quality and safety; import risks; adverse outcomes for any
significant litigation; compliance with and changes in laws and
regulations and accounting rules and principles; adequacy of reserves;
asset impairments and other charges; closing adjustments; failure to
meet market expectations; 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.

SOURCE: The TJX Companies, Inc.

The TJX Companies, Inc. 
Sherry Lang 
Senior Vice President 
Investor and Public Relations 
(508) 390-2323

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