More details about data breach related 15% discount sale at TJ Maxx and Marshalls

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January 21st, 2009 - Posted by Joe

Further review of settlement documents related to the 2006 TJX data breach has brought to light many important details about the 15% storewide discount sale we reported on yesterday. Various Internet message boards have identified tomorrow January 22, 2009 as the target date for the sale.

Below are some highlights from the settlement documentation regarding the terms of the sale:

• The event will include a 15% discount on all merchandise (excluding gift cards) at all TJX stores, which include TJ Maxx, Marshalls, The Maxx, A.J. Wright and HomeGoods.
• The sale will be held on a Thursday, Friday or Saturday in January, February or July at TJX's discretion.
• The discount will be available to all consumers that make purchases on the designated day, not just those customers that may have been impacted by the data breach.
• Additional discounts (excluding employee discounts) will be valid on top of the 15% discount.
• The stores will have extended hours from 8:00 a.m. to 10:00 p.m.

It is important to note that the January 22nd date has not been confirmed by TJX and that the sale itself is not required as part of the settlement agreement. However, TJX has publicly communicated that the sale will occur some time in 2009.

Below is the full text of the section of the settlement agreement related to the storewide 15% discount at TJ Maxx, Marshalls, and other TJX stores.

TJX shall hold a one-time special event (the "Special Event") in which prices on all merchandise (excluding gift cards) in all TJX stores shall be reduced by 15%. This 15% price reduction shall be applied at the check-out register and shall be in addition to all other discounts (other than employee discounts), if any, and shall be available to all customers making purchases on that day. The special event shall be on one day on a Thursday, Friday or Saturday in January, February or July as designated by TJX. The Special Event shall occur following the Effective date on a date which will allow for proper commercial management of the event. TJX stores shall have extended hours (8:00 a.m. to 10:00 p.m.) on the day of the Special Event, except as may be limited by local laws. While by necessity and practicality, the public may access this sale, the sale is provided for by this settlement benefit in the Summary Notice and shall be customary course of business notice of the event, to be advertised close in time to the day on which the Special Event will occur. TJX represents that it has not had any storewide sale event in the TJX Stores system in the past, to the best of senior management's recollection, and that this sale event is the direct result of this settlement, and that the 15% price reduction during the event shall be in addition to any and all other discounts, sales, and the like (other than employee discounts) available at the time of the event. No discount available to the public shall be withdrawn because of the Special Event.