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tjx Annual Reports1998
The TJX Companies reported fiscal year 1999 results with the following highlights: - Net sales increased to $7.9 billion, up 8% from the previous year. Net income increased to $424 million. - The off-price family apparel stores segment achieved operating income of $783 million, up 32% from the prior year, and accounted for over 98% of total sales. - The off-price home fashion stores segment had an operating loss of $5 million compared to an $9 million loss in the previous year. - Identifiable assets for the off-price family apparel stores totaled $2.1 billion, representing over 75% of consolidated assets. Capital expenditures
