TJX same-store sales rise in January |
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Thu, 01 Feb 2007 15:43
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FRAMINGHAM, Mass. (AFX) - TJX Cos., operator of Marshalls, T.J. Maxx and other discount stores, said same-store sales grew 4 percent in January.Same-store sales, or sales in stores open at least one year, are a key measure of industry performance.For the four-week period ended Jan. 27, total sales grew 8 percent to $1 billion.Analysts polled by Thomson Financial expected same-store sales growth of 3.8 percent.For the 52-week period ended Jan. 27, sales grew 9 percent to $17.4 billion, while analysts expected revenue of $17.49 billion.Same-store sales grew 5 percent in the fourth quarter and 4 percent for the year, TJX said.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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