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Stock impact report

Why TJ Maxx is tariff-proof [CNN]

Boot Barn Holdings, Inc. (BOOT) 
Last boot barn holdings, inc. earnings: 2/4 04:10 pm Check Earnings Report
Company Research Source: CNN
tariffs kicking in and raising their costs . That's created a perfect scenario for TJ Maxx — and it's not because the company is selling all-American goods. Tariffs are taxes placed on imported goods, designed to protect domestic manufacturers from foreign competition. Companies that import products pay the taxes and typically pass the extra cost on to customers in the form of higher prices. Trump enacted a new 10% across-the-board tariff on Chinese goods Tuesday morning. Trump also ordered 25% tariffs on Mexican and Canadian goods, but he delayed them just hours before the sweeping actions were set to go into effect until March 1. TJX gains an advantage from the inventory pile up because, unlike most retailers, the company only imports a small percentage of its merchandise directly from factories overseas. TJX instead relies mostly on buying designer brands' excess merchandise from them, much of it after it's already been imported — and then selling it to customers anywhere from Show less Read more
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