TJX monthly sales down 2%

FRAMINGHAM, Mass. TJX reported that sales for the four-week period ended Feb. 28, were $1.22 billion, down 2% versus the $1.25 billion achieved during the four-week period ended March 1, 2008, including the anticipated negative impact of foreign currency exchange rates.

Carol Meyrowitz, president and CEO of The TJX Companies, stated, “Given the tough economic environment, we are pleased with February consolidated comparable store sales. Customer traffic continues to tell us that our excellent values are attracting customers despite the challenging times. We are taking a very conservative approach to managing the business, buying very sharply, and maintaining lean, fast-turning inventories. Our stores look extremely fresh as we enter the spring selling season.”