p r e v i o u s
n e x t
1 9 9 8 A n n u a l R e p o r t
c o n t e n t s
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S E L E C T E D I N F O R M A T I O N B Y M A J O R B U S I N E S S S E G M E N T |
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| January 30, | January 31, | January 25, | |
| In Thousands | 1999 | 1998 | 1997 |
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| (53 weeks) | |||
| Net sales: | |||
| Off-price family apparel stores | $7,816,563 | $7,290,959 | $6,602,391 |
| Off-price home fashion stores | 132,538 | 98,110 | 87,019 |
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| $7,949,101 | $7,389,069 | $6,689,410 | |
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| Operating income (loss): | |||
| Off-price family apparel stores | $ 782,706 |
$596,908 |
$463,419 |
| Off-price home fashion stores (1) | (4,950) | (8,615) | (14,018) |
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| 777,756 | 588,293 | 449,401 | |
| General corporate expense (2) | 69,449 | 58,906 | 43,297 |
| Goodwill amortization | 2,609 | 2,614 | 2,614 |
| Interest expense, net | 1,686 | 4,502 | 37,350 |
| Income from continuing operations | |
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| before income taxes and extraordinary item | $704,012 |
$522,271 |
$366,140 |
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| Identifiable assets: | |||
| Off-price family apparel stores | $2,093,879 | $2,033,945 | $1,801,779 |
| Off-price home fashion stores | 49,515 | 39,074 | 36,493 |
| Corporate, primarily cash, goodwill and deferred taxes (3) | 604,452 | 536,613 | 668,489 |
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| $2,747,846 | $2,609,632 | $2,506,761 | |
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| Capital expenditures: | |||
| Off-price family apparel stores | $202,054 |
$190,720 |
$104,955 |
| Off-price home fashion stores | 5,688 | 1,662 | 731 |
| Corporate (3) | - | - | 13,467 |
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| $207,742 |
$192,382 |
$119,153 |
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| Depreciation and amortization: | |||
| Off-price family apparel stores | $130,325 |
$115,967 |
$113,479 |
| Off-price home fashion stores | 3,302 | 3,186 | 2,104 |
| Corporate, including goodwill (3) | 2,904 | 5,738 | 11,247 |
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| $136,531 |
$124,891 |
$126,830 |
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(1) The periods ended January 30, 1999, January 31, 1998, and January 25, 1997 include a charge of $2.2 million, $1.5 million and $3.1 million, respectively, for certain store closings and other restructuring costs relating to HomeGoods.
(2) General corporate expense for the fiscal year ended January 30, 1999 includes a pre-tax charge of $6.3 million for costs associated with a fiscal 1998 executive deferred compensation award and a $7.5 million charitable donation to The TJX Foundation. General corporate expense for the fiscal year ended January 31, 1998 includes a pre-tax charge of $15.2 million for costs associated with the foregoing executive deferred compensation award and a pre-tax gain of $6 million for the sale of Brylane, Inc. common stock. General corporate expense for the fiscal year ended January 25, 1997 includes the net operating results of T.K. Maxx. Fiscal years 1999 and 1998 include the operating results of T.K. Maxx in the off-price family apparel stores segment.
(3) The period ended January 25, 1997 includes assets and activity of T.K. Maxx. Fiscal years 1999 and 1998 include T.K. Maxx in the off-price family apparel stores segment.