TJX Companies Inc. (TJX: Quote) said its February 2012 consolidated comparable store sales went up 9% compared with last year. Sales for the four-week period were $1.6 billion, up 12% over the $1.5 billion recorded in the year-ago period.
The company believes that the very favorable weather patterns during the month helped boost demand for spring apparel, as well as pleased with the higher traffic across all of its divisions, driving strong performance across the board.
Chief Executive of TJX Companies Inc. stated, "With inventories in terrific shape, we are extremely well positioned to continue to bring great brands and fashions at compelling values to our customers."
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by RTT Staff Writer
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