The TJX Companies Announces $1.2B Share Buyback Program

The TJX Companies, Inc. TJX announced today its plans to repurchase approximately $1.2 billion of TJX stock during the Fiscal Year ending January 28, 2012. With approximately $600 million remaining at year end under the Company's existing stock repurchase program, the Company's Board of Directors approved a new stock repurchase program that authorizes the repurchase of up to an additional $1 billion of TJX common stock from time to time. This new program would represent approximately 5% of the Company's outstanding shares at current prices. The new stock repurchase program marks the 12th program approved by the Board since 1997. Over this period, the Company has spent $8.7 billion on the repurchase of TJX stock, buying back 421 million shares. In fiscal 2011, the Company spent a total of $1.2 billion to repurchase TJX stock retiring 27.6 million shares. During the fourth quarter, the Company spent a total of $355 million to repurchase TJX stock, retiring 7.9 million shares.