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Latest Business News

TJX: Security Breach Wider Than Thought

Wednesday, February 21, 2007 6:30:16 PM
By MARK JEWELL

 The exterior view of a T.J. Maxx store in Redwood City, Calif., is seen in this Nov. 15, 2005 file photo. TJX Cos., operators of Marshall's and T.J. Maxx discount retail stores, said Wednesday a security breach into its computer systems was more extensive than previously reported.  (AP Photo/Paul Sakuma, file)BOSTON (AP) - A computer security breach by a hacker who stole TJX Cos. customer data was broader than initially feared, and started 10 months earlier than first thought, the company said Wednesday.

But the parent of discount retail chains including T.J. Maxx and Marshalls also reported 5 percent sales growth during its fiscal fourth quarter, which ended just 10 days after the breach was disclosed Jan. 17.

Company executives said they saw no evidence of any exodus of customers from TJX's more than 2,400 stores after the data theft. Industry analysts agreed.


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