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

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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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This footwear company outperformed in the latest first quarter, despite significant headwinds from a strong U.S. dollar, slowdown at the west coast ports and seasonably cold weather in certain key markets and less efficient operations than originally anticipated at the company's European distribution center. UK-based oil giant BP Plc. and French peer Total SA Tuesday reported lower profit for the first quarter, as oil prices declined sharply from the previous year. However, results reflected stronger overall refining environment. Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year.
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