TJX bounces back in May

FRAMINGHAM, Mass. After suffering considerable losses due to a security breach, The TJX Companies today reported strong results for the four-week period ended June 2. May sales were $1.4 billion, up 9% from $1.3 billion in the same period last year. For the year-to-date period, sales reached $5.5 billion, a 7% increase compared to last year's

Consolidated comparable-store sales for the four-week period ended June 2, increased 5% over last year. For the 17-week period ended June 2, consolidated comparable-store sales increased 3% over last year.

The announcement of TJX's monthly and year-to-date results follows TJX president and ceo's Carol Meyerowitz reported apology to shareholders Tuesday at the company's annual meeting for the theft of at least 45.7 million credit and debit card numbers from the company's computer systems.