TJX Jan. sales up 7%

FRAMINGHAM, Mass. TJX today reported that sales for the January period ended Feb. 2 were $1.13 billion, up 7% over the $1.06 billion for the same period last year.

Comparable-store sales for the four-week period increased 3% over last year.

Carol Meyrowitz, president and ceo of TJX stated, "Our consolidated comparable-store sales increase of 3% in January was just below our expectations and was achieved on top of a 4% increase last year."

Meyrowitz said the company now expects fourth quarter earnings to be in the range of 60 cents per share to 63 cents per share.