The TJX Companies, Inc. Announces Jeffrey Naylor to Resume CFO Position

The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, announced today that Jeffrey Naylor, 50, will resume the position of Chief Financial Officer while retaining responsibility for new business development and continuing to serve as the Company’s Chief Administrative Officer. Mr. Naylor’s title will be Chief Financial and Administrative Officer and he will continue as a Senior Executive Vice President of the Company, reporting to Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc. This move comes as Nirmal K. "Trip” Tripathy resigns from the Chief Financial Officer post to pursue other opportunities. Mr. Tripathy has held the position since June 2007 and his resignation will be effective as of January 31, 2009, the end of the Company’s fiscal year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., commented, "Trip Tripathy is a talented executive and we thank him for his service to the Company since 2007. We wish him all the best in his future endeavors.

"With Jeff Naylor stepping back into the CFO position, TJX has an astute, highly regarded leader with deep experience as a CFO who knows and understands our Company thoroughly. Jeff will continue to be a key member of our senior management team as he helps the Company navigate through this challenging macroeconomic environment. We also have a talented financial team at TJX, which will allow Jeff to resume this role while continuing to manage his other areas of responsibility. TJX remains an extremely strong Company with a proven business model, significant liquidity in its financial structure, and operations which generate strong free cash flow. We continue to be very confident in the Company’s ability to solidly manage through the current, difficult economic times and emerge in an even stronger competitive position.”

Jeffrey Naylor joined TJX in January of 2004 as Chief Financial Officer, and was promoted to Chief Financial and Administrative Officer in September 2006. In 2007, Mr. Naylor stepped away from the role of CFO and became Chief Administrative and Business Development Officer, while continuing to oversee Corporate Finance. Mr. Tripathy had reported to Mr. Naylor and with Mr. Tripathy’s departure, Mr. Naylor will resume the position of CFO.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 875 T.J. Maxx, 809 Marshalls, 318 HomeGoods, and 135 A.J. Wright stores in the United States. In Canada, the Company operates 200 Winners, 75 HomeSense, and 2 STYLESENSE stores, and in Europe, 235 T.K. Maxx and 7 HomeSense stores. TJX’s press releases and financial information are also available on the Internet at www.tjx.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: effects of current economic environment; matters relating to the computer intrusion(s) including potential losses that could differ from our reserve, potential effects on our reputation and sales, compliance with orders, and other consequences to the value of our Company and related value of our stock; our ability to successfully expand our store base and increase comparable store sales; risks of expansion and costs of contraction; risks inherent in foreign operations; our ability to successfully implement our opportunistic buying strategies and to manage our inventories effectively; successful advertising and promotion; consumer confidence, demand, spending habits and buying preferences; effects of unseasonable weather; competitive factors; availability of store and distribution center locations on suitable terms; our ability to recruit and retain associates; factors affecting expenses; success of our acquisition and divestiture activities; our ability to successfully implement technologies and systems and protect data; our ability to continue to generate adequate cash flows; our ability to execute our share repurchase program; availability and cost of financing; general economic conditions, including fluctuations in the price of oil; potential disruptions due to wars, natural disasters and other events beyond our control; changes in currency and exchange rates; issues with merchandise quality and safety; import risks; adverse outcomes for any significant litigation; compliance with and changes in laws and regulations and accounting rules and principles; adequacy of reserves; asset impairments and other charges; closing adjustments; failure to meet market expectations; and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.