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TJX Companies Feb. Comps. Rise 9% - Quick Facts

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3/1/2012 8:45 AM ET

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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There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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