The TJX Companies, Inc. TJX, the leading off-price retailer of apparel
and home fashions in the U.S. and worldwide, today announced that it has
acquired Sierra Trading Post, an off-price Internet retailer based in
Cheyenne, Wyoming. The purchase price of approximately $200 million, which is
subject to customary post-closing adjustments, was paid in cash and financed
from TJX's existing cash balances. TJX expects that this transaction will be
slightly accretive to earnings beginning in fiscal 2014, but that this impact
will not be material to TJX's consolidated financial statements.
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