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TJX 2Q comps up 4%


FRAMINGHAM, Mass. TJX reported that net sales for the second quarter of fiscal 2009 increased 7% to $4.6 billion, and consolidated comparable-store sales increased 4% over last year. Net income for the second quarter was $200 million, and diluted earnings per share were 45 cents compared to 13 cents last year.

Carol Meyrowitz, president and ceo of TJX stated, "We are very pleased with our second quarter performance. In a very challenging retail environment, we delivered strong sales, merchandise margins and profit increases on top of very strong operating results last year. Our great values on fresh assortments of summer apparel resonated well with our customers and in addition, we effectively managed expenses. Importantly, while we continue to drive sustained earnings growth, we are building for the future."

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