TJX's Board of Directors has approved a new stock repurchase program that authorizes the repurchase of up to $1 billion of TJX common stock from time to time. This would represent approximately 6.2% of the Company's outstanding common shares at current prices. The Company also declared a quarterly dividend on its common stock of $.12 per share, payable December 3, 2009, to shareholders of record on November 12, 2009.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., commented, "This new authorization reflects our confidence in continuing to deliver significant growth in sales, earnings and cash flow, even in this difficult economic environment. TJX remains financially strong, with significant liquidity and a strong credit rating, as well as a business model that generates substantial amounts of excess cash. We remain committed to returning value to shareholders through our significant share buyback and dividend programs."

This new authorization is in addition to the approximately $367 million remaining under the Company's existing $1 billion stock repurchase program, authorized in February 2008. The Company continues to expect to repurchase approximately $625 million of TJX stock in Fiscal 2010, which could be adjusted up or down depending on the economic environment. The new stock repurchase program marks the tenth program approved by the Board since 1997. Over this period, the Company has spent $6.9 billion on the repurchase of TJX stock, buying back 378 million shares. Share repurchases may be made from time to time on the open market, in block trades, in private transactions, pursuant to 10b5-1 plans or otherwise and may include derivative transactions. The repurchase program announced today has no time limit. The program may be suspended or discontinued at any time.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 884 T.J. Maxx, 814 Marshalls, 323 HomeGoods, and 145 A.J. Wright stores in the United States. In Canada, the Company operates 207 Winners, 76 HomeSense and 3 STYLESENSE stores, and in Europe, 247 T.K. Maxx and 10 HomeSense stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.

Forward-looking Statement

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: conditions of global economies and credit and financial markets; foreign currency exchange rates; execution of buying and inventory management; expansion of operations; identification of customer trends and preferences; fluctuation in results; risks of new market/category expansion; implementation of marketing, advertising and promotional programs; losses from and consequences of computer intrusion(s); seasonal influences; risks of operating a large, multi-division, multi-national business; unseasonable weather; competition; retention of personnel; acquisitions and divestitures; operation and implementation of information systems and technology; protection of data; level of cash flows generated; factors affecting consumer spending; merchandise quality and safety; import risks; risks of foreign operations; changes in laws and regulations; outcomes of litigation and proceedings; risks of real estate ownership and leasing; stock price fluctuations 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.

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