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.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
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.
Bron: NBCDFW - 🏆 288. / 63 Lees verder »
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
Bron: Investingcom - 🏆 450. / 53 Lees verder »
Jim Cramer's top 10 things to watch in the stock market WednesdayTarget is the disaster du jour. Club name TJX also reported earnings.
Bron: CNBC - 🏆 12. / 72 Lees verder »