The TJX Companies, Inc. Reports March 2008 Sales; Updates First Quarter Outlook

FRAMINGHAM, Mass.--(Business Wire)--
The TJX Companies, Inc. (NYSE: TJX) today reported March 2008
sales results. Sales for the five-week period ended April 5, 2008,
were $1.73 billion, up 2% over the $1.70 billion achieved during the
five-week period ended April 7, 2007. For the nine weeks ended April
5, 2008, sales reached $3.0 billion, up 4% over the $2.9 billion
achieved during the nine weeks ended April 7, 2007. Consolidated
comparable store sales for the five-week period ended April 5, 2008,
were flat versus last year. For the nine-week, year-to-date period,
consolidated comparable store sales increased 1% over last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX
Companies, Inc., stated, "This year, the challenge of the early
Easter, coupled with unseasonably cold weather, resulted in our
below-plan March consolidated comparable store sales. Also, we were up
against a strong 6% increase last year. That said, inventories are in
excellent shape, mitigating our markdown exposure as we enter April.
Our very liquid inventory position continues to enable us to buy right
and at great values and keep our merchandise margins strong. We have
begun to see a pick-up in sales trends in certain areas where the
weather has become more seasonable and believe that our compelling
values will continue to attract customers and drive our business."

The Company now expects earnings per share from continuing
operations for the first quarter to be at or slightly below the low
end of its previously expected range of $.40 - $.41.

The TJX Companies, Inc. is the leading off-price retailer of
apparel and home fashions in the U.S. and worldwide. The Company
operates 854 T.J. Maxx, 782 Marshalls, 292 HomeGoods, and 130 A.J.
Wright stores, as well as 34 Bob's Stores, in the United States. In
Canada, the Company operates 192 Winners and 72 HomeSense stores, and
in Europe, 226 T.K. Maxx stores. TJX's press releases and financial
information are also available on the Internet at www.tjx.com.

March and April Fiscal 2009 Sales Recorded Calls

A recorded message with more detailed information regarding TJX's
March 2008 sales results, operations and business trends is available
via the Internet at www.tjx.com, or by calling (703) 736-7248 through
Thursday, April 17, 2008. The Company expects to release its April
2008 sales results on Thursday, May 8, 2008, at approximately 8:15
a.m. ET. Concurrent with that press release, a recorded message with
more detailed information regarding TJX's April sales results,
operations and business trends will be available via the Internet at
www.tjx.com, or by calling (703) 736-7248 through Thursday, May 15,
2008.

First Quarter Fiscal 2009 Earnings Conference Call

The Company expects to release its first quarter fiscal 2009
earnings on Tuesday, May 13, 2008, before 9:30 a.m. ET. At 11:00 a.m.
ET that day, Carol Meyrowitz, President and Chief Executive Officer,
TJX, will hold a conference call with stock analysts to discuss the
Company's first quarter fiscal 2009 results, operations and business
trends. A real-time webcast of the call will be available at
www.tjx.com. A replay of the call will also be available at
www.tjx.com or (866) 367-5577 through Tuesday, May 20, 2008.

Archived versions of the Company's recorded messages and
conference calls are available at www.tjx.com after they are no longer
available by telephone.

SAFE HARBOR STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Various statements made in this release are
forward-looking and involve a number of risks and uncertainties. All
statements that address activities, events or developments that we
intend, expect or believe may occur in the future are forward-looking
statements. The following are some of the factors that could cause
actual results to differ materially from the forward-looking
statements: matters relating to the computer intrusion(s) including
potential losses that could exceed our reserve, potential effects on
our reputation and sales and other consequences to the value of our
Company and related value of our stock; our ability to successfully
expand our store base and increase same store sales; risks of
expansion and costs of contraction; risks inherent in foreign
operations; our ability to successfully implement our opportunistic
buying strategies and to manage our inventories effectively;
successful advertising and promotion; consumer confidence, demand,
spending habits and buying preferences; effects of unseasonable
weather; competitive factors; availability of store and distribution
center locations on suitable terms; our ability to recruit and retain
associates; factors affecting expenses; success of our acquisition and
divestiture activities; our ability to successfully implement
technologies and systems and protect data; our ability to continue to
generate adequate cash flows; our ability to execute our share
repurchase program; availability and cost of financing; general
economic conditions, including fluctuations in the price of oil;
potential disruptions due to wars, natural disasters and other events
beyond our control; changes in currency and exchange rates; issues
with merchandise quality and safety; import risks; adverse outcomes
for any significant litigation; compliance with and changes in laws
and regulations and accounting rules and principles; adequacy of
reserves; closing adjustments; failure to meet market expectations;
and other factors that may be described in our filings with the
Securities and Exchange Commission. We do not undertake to publicly
update or revise our forward-looking statements even if experience or
future changes make it clear that any projected results expressed or
implied in such statements will not be realized.

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Investor and Public Relations
(508) 390-2323

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