Department Stores Signal Tariff Risks in Shareholder Reports

Ross Stores, Inc. and TJX Companies, Inc. have warned shareholders Wednesday in in their annual reports that the Trump administration’s trade policy overhaul could harm their businesses.

TJX, which owns chains including TJ Maxx, Marshalls and HomeGoods, told investors Wednesday in its 10-K filing that new tariffs on countries including Canada, Mexico and China—and any retaliatory measures on US goods—"could pose a risk to our business that could affect our revenue and cost of sourcing our merchandise.”

TJX said that action it takes in response to the tariffs “may cause us to modify our operations, which could be time-consuming and ...