TJX Nov. comps up 7%

FRAMINGHAM, Mass. TJX today reported that sales for November were $1.8 billion, an increase of 10% over sales of $1.6 billion last year. Comparable-store sales for the period were up 7%.

Carol Meyrowitz, president and ceo of TJX stated, “Our consolidated comparable-store sales increase of 7% in November was above our expectations and a solid start to the fourth quarter. We are focused on flowing fresh, exciting gift-giving merchandise into our stores throughout this holiday season. Our continued discipline in maintaining a liquid inventory position allows us to take advantage of the plentiful buying opportunities in the marketplace.”

For the 43 weeks ended Dec. 1, the company reported sales of $15.1 billion, a 7% increase over last year’s $14 billion. Comparable -tore sales increased 4% over last year.