Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(107,741 posts)
Tue May 21, 2019, 05:29 PM May 2019

Trump's tariffs could send shoppers into the arms of discount stores

TJ Maxx and Marshalls are preparing to benefit from tariffs.

In a call with investors on Tuesday, the CEO of TJX Companies -- the retail giant behind TJ Maxx, Marshall, and HomeGoods -- said that while the company is closely monitoring the negative impact of tariffs, they could also create some opportunity for the company.

Historically, off-price brands have benefited from "disruptions in the market," TJX CEO Ernie Herrman said.

In this case, Herrman said that if tariffs are imposed on another $300 billion worth of Chinese goods and retailers are forced to raise prices to cover the costs, shoppers could flock to off-price stores for value.

https://www.msn.com/en-us/money/companies/trumps-tariffs-could-send-shoppers-into-the-arms-of-discount-stores/ar-AABGXWd?li=BBnbfcN

7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump's tariffs could send shoppers into the arms of discount stores (Original Post) Yo_Mama_Been_Loggin May 2019 OP
All their stuff is from China. C_U_L8R May 2019 #1
Many local stores in Rochester.... ProudMNDemocrat May 2019 #2
My off brand suit ... marble falls May 2019 #3
Don't worry, it'll ride up with wear? House of Roberts May 2019 #5
weak as water and I am unanimous in that. nt msongs May 2019 #6
That's what I was trying to find a clip of. I couldn't get the words right, dammit! marble falls May 2019 #7
I envy all of you with Ross's nearby. I love that store !! xooxox UniteFightBack May 2019 #4

ProudMNDemocrat

(16,728 posts)
2. Many local stores in Rochester....
Tue May 21, 2019, 05:37 PM
May 2019

Have stuff made in China.

I shop local and there is very little made in the USA. Even fabrics I buy and need for client projects are milled in China.

Latest Discussions»General Discussion»Trump's tariffs could sen...