Earnings

Off-price leader TJX sales grow 3%, embraces tariff benefits: ‘We’ll have plenty of merchandise’

By Lexy Lebsack

May 21, 2025

TJX is thriving amid tariffs and economic chaos, CEO Ernie Herrman said during Wednesday’s earnings call. The company reported 3% sales growth and an influx of merchandise from brands looking for cash infusions during this challenging time. The off-price beauty and wellness categories continue to be a successful part of TJX’s merchandising strategy, with mass, prestige and luxury brands quietly selling into the channel at 30-70% off MSRP.