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                                                                    Exhibit 99.2

CONTACT:
Sherry Lang
Vice President
Investor and Public Relations
(508) 390-2323
                                                   FOR IMMEDIATE RELEASE
                                                   (Thursday, February 8, 2001)



THE TJX COMPANIES, INC. PRICED APPROXIMATELY $300 MILLION ZERO-COUPON
CONVERTIBLE SUBORDINATED NOTES

         Framingham, MA -- The TJX Companies, Inc. (NYSE: TJX) today announced
that it has priced its previously announced offering of 20-year zero-coupon
subordinated notes (LYONs(TM)). It is anticipated that the offering will be
completed on February 13, 2001. The notes are convertible into shares of TJX
common stock if the market price of the shares reaches specified thresholds.


         The gross proceeds from the offering will be approximately $300
million. The Company intends to use the proceeds to fund an accelerated store
roll-out program, investment in its distribution center network, its common
stock repurchase program and for general corporate purposes.


         The TJX Companies, Inc. is the leading off-price retailer of apparel
and home fashions in the U.S. and worldwide. The Company operates 661 T.J. Maxx,
535 Marshalls, 81 HomeGoods and 25 A.J. Wright stores in the United States. In
Canada, the Company operates 117 Winners, and in Europe, 74 T.K. Maxx stores.

         This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The offering is being made only to
qualified institutional buyers. The notes and the shares of TJX common stock
issuable upon conversion have not been, and will not be, registered under the
Securities Act of 1933 or any other jurisdiction and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements.


Certain statements in this press release are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, and are subject to the
safe harbor created thereby. These statements involve a number of risks,
uncertainties, and other factors including potential changes in market
conditions that could cause actual results to differ materially. Please refer to
the Company's filings with the Securities and Exchange Commission for discussion
of certain important factors that relate to forward-looking statements contained
in this press release. Although the Company believes that the expectations
reflected in any such forward-looking statements are reasonable, it can give no
assurance that such expectations will prove to be correct.

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