TJ Maxx says Trump's tariff ‘chaos' will help the chain [CNN]
Lowe's Companies, Inc. (LOW)
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Source: CNN
But TJ Maxx believes that Trump's tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump's tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Companies that import products pay the taxes and typically pass the extra cost on to customers in the form of higher prices. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. Instead, TJX relies mostly on buying designer brands' excess merchandise straight from the brands, much of it after it's already been imported — and then selling it to customers anywhere from 20% to 60% below regular prices. TJX's “opportunistic buying” strategy capitalizes on supply chain disruptions, canceled orders and overproduction. And if an item is already in the US, any potentia
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- We found the 115 best early Black Friday deals to help you beat the holiday rush [CNN]CNN
- TJ Maxx says Trump's tariff ‘chaos' will help the chain [Yahoo! Finance]Yahoo! Finance
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