TJ Maxx CEO says company could benefit from Trump's proposed tariffs

Retailers and industry trade groups are sounding the alarm about how President-elect Donald Trump's proposed tariffs could lead to higher prices. However, officials from TJ Maxx's parent company have a different take, saying the discount retailer may actually benefit. TJX Companies Inc. CEO Ernie Herrman said on an earnings call with analysts on Wednesday that when there is "chaos" in the market, it usually presents an "opportunity for us.

If a brand faces tariffs on a certain category, forcing them to raise prices, and those higher prices are passed on to other retailers, the price of that specific item could increase slightly, according to Herrman. However, he said, "it will never be at any issue with the value gap that we have relative to the competition." The comments come on the heels of Walmart CFO John David Rainey's remarks that the proposed tariffs could lead to higher prices for its shoppers.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Jim Cramer's week ahead: Earnings from Nvidia, TJX and WalmartCNBC’s Jim Cramer previews key earnings reports and investor days that could trigger Wall Street action for the week of November 18.
مصدر: NBCDFW - 🏆 288. / 63 اقرأ أكثر »

What to expect from TJX , Ross Stores and Burlington when they report earningsWhat to expect from TJX , Ross Stores and Burlington when they report earnings
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Jim Cramer's top 10 things to watch in the stock market WednesdayTarget is the disaster du jour. Club name TJX also reported earnings.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »