TJX Companies, led by CEO Ernie Herrman, views the impact of tariffs as an opportunity rather than a threat. Herrman notes that TJX imports minimally from China and primarily sells excess inventory from other retailers, meaning they bear little of the tariff burden. He expresses excitement about potential sales growth, especially as consumers may turn to off-price retailers in response to rising prices. To mitigate exposure to tariffs on home goods, TJX is sourcing more products from Europe, enhancing their unique market positioning against competitors.
I'm excited about the sales and margin opportunity in this environment, because this is pretty much textbook situation coming up.
We’ve been to the movie before... It’s a different headline; it’s just the same approach.
It creates an umbrella of fashion and brand and quality that other home retailers don’t do.
Most new tariffs aren't coming directly from TJX's pockets.
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