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With nearly $19 billion in revenues in 2007, eight businesses, more than 2,500 stores and almost 130,000 Associates, The TJX Companies, Inc. is the largest apparel and home fashions off-price retailer in the United States and worldwide. TJX ranked 132 in the most recent Fortune 500 rankings. TJX’s off-price concepts include T.J. Maxx, Marshalls, HomeGoods, and A.J. Wright in the U.S., Winners and HomeSense in Canada, and T.K. Maxx in Europe. In 2008, we expect to open our first HomeSense stores in the U.K. The TJX Companies has become synonymous with value. Our off-price mission is to deliver a rapidly changing assortment of quality, brand name merchandise at prices that are 20-60% less than department and specialty store regular prices, every day. The exciting treasure-hunt experience of shopping our off-price concepts attracts a passionate and loyal customer base. TJX also has one of the most flexible business models in the world and it has stood the test of time. In 31 years of operation, consolidated comparable store sales have declined in only one year and have increased even during recessions. Our strong performance in 2007 is a great example of our business model in action, as we solidly executed our off-price fundamentals. Our vision of TJX is as a global, off-price, value Company and to achieve this we must continue to focus on driving profitable sales. Our history shows that our value concept plays well in many geographies and categories. Our financial strength gives us great confidence and provides an extremely strong foundation upon which to grow in the future. We see the potential for growing to approximately 4,300 stores over time in our current markets. We see more opportunities to bring our retail concepts into new countries, and we will proceed prudently as we grow. We begin 2008 with a go-forward management team that combines fresh talent and perspectives with the best of TJX experience and a results-oriented entrepreneurial organization. We will continue to focus on executing the fundamentals of our flexible off-price value model that have made this Company great. To learn more about The TJX Companies, please visit http://www.tjx.com/index.html |