The TJX Companies, Inc. Reports Strong October 1997 Sales.FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 6, 1997--The TJX Companies The TJX Companies, Incorporated (NYSE: TJX), is the largest international apparel and home fashions off-price department store chain, based in Framingham, Massachusetts, in the United States. , Inc. (NYSE NYSE See: New York Stock Exchange :TJX), today reported October 1997 sales results from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the . Sales for the four week period ended November 1, 1997 were $604 million, up 10% over $548 million achieved during the same four week period ended November 2, 1996. For the 39 weeks ended November 1, 1997, sales reached $5,200 million, an increase of 9% over last year's $4,792 million. Consolidated comparable store sales for the four week period ended November 1, 1997 increased 6% over the same period last year. For the 39 week year-to-date period, consolidated comparable store sales increased 7% over the same period last year. Bernard Cammarata, President and Chief Executive Officer of The TJX Companies, Inc. stated, "October performance, as well as performance for the third quarter, exceeded our expectations. We are very pleased, particularly since these results were posted over strong gains last year." The TJX Companies, Inc. is the world's largest off-price apparel retailer, with 582 T.J. Maxx T.J. Maxx is a chain of American department stores owned by TJX Companies. It is the largest off-price apparel retailer in the United States offering brand name clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. stores, 460 Marshalls stores, 75 Winners Apparel Ltd. stores in Canada, 24 HomeGoods off-price home fashions stores and 29 T.K. Maxx off-price apparel stores in the United Kingdom and Ireland. CONTACTS: TJX Companies, Inc. Steven Wishner, 508/390-2626 or Sherry sherry [from Jérez], naturally dry fortified wine, pale amber to brown in tint. The term sherry originally referred to wines made from grapes grown in the region of Jérez de la Frontera, Andalusia, Spain; today it may refer to any of the Lang Lang language LANG Louisiana Army National Guard Lang Langobardian (linguistics) LANG Los Angeles Newspaper Guild , 508/390-2323 |
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