TJ Maxx 1999 Annual Report Download - page 28

T h e Ye a r 2 0 0 0 I s su e
As discussed in TJX’s prior filings, we have devoted significant effort in addressing the Year 2000 (“Y2K”) issue,
as it related to our operations. We did not incur any significant Y2K problems in our information technology
systems or our non-information technology systems. Our systems and applications are effectively processing
information in order to support ongoing operations in the year 2000 and beyond. While we believe we have
effectively addressed the Y2K issue, there can be no assurance that all the issues have been addressed, or that
third parties with whom we conduct business will not experience Y2K problems in the future.As of January 29,
2000,TJX had incurred $12 million of costs related to Y2K issues and does not anticipate any significant expen-
ditures on this issue going forward.
F O R W A R D - L O O K I N G I N F O R M A T I O N
Certain statements contained in this Annual Report are forward-looking and involve a number of risks and
uncertainties. Among the factors that could cause actual results to differ materially are the following: general
economic conditions and consumer demand and consumer preferences and weather patterns in the U.S., Canada
and Europe; competitive factors, including continuing pressure from pricing and promotional activities of
competitors; impact of excess retail capacity and the availability of desirable store locations on suitable terms;
the availability, selection and purchasing of attractive merchandise on favorable terms; import risks, including
potential disruptions and duties, tariffs and quotas on imported merchandise, including economic and political
problems in countries from which merchandise is imported; currency and exchange rate factors in the Company's
foreign operations; risks in the development of new businesses and application of the Company's off-price strate-
gies in foreign countries; acquisition and divestment activities; and other factors that may be described in the
Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly
update or revise its forward-looking statements even if experience or future changes make it clear that any
projected results expressed or implied therein will not be realized.
P R I C E R A N G E O F C O M M O N S T O C K
The following per share data reflects the two-for-one stock split distributed in June 1998.
The common stock of the Company is listed on the New York Stock Exchange (Symbol: TJX).The quarterly
high and low trading stock prices for fiscal 2000 and fiscal 1999 are as follows:
Fi sca l 2 0 0 0 Fisca l 199 9
Q u a r t e r H i g h L ow H i g h L ow
First $37 $27 1/16 $23 3/4$17 3/16
Second 35 15/16 28 3/428 7/16 22 3/16
Third 33 1/224 28 15 1/2
Fourth 27 13/16 16 1/431 1/16 18 3/4
The approximate number of common shareholders at January 29, 2000 was 45,375.
The Company declared four quarterly dividends of $.035 per share for fiscal 2000 and $.03 per share for
fiscal 1999.