TJ Maxx Owner Says It Has the Flexibility to Offset Tariffs (1)

TJX Cos. executives said the company’s global network of vendors and flexibility on price and merchandise will help the company manage tariff pressures.

“We believe there’s opportunity for us to buy better,” said Chief Executive Officer Ernie Herrman on a call with analysts.

TJX, which is parent to chains including TJ Maxx and Marshalls, boasts more than 21,000 vendors globally. Company executives said they directly source about 10% of merchandise from around the world, including China.

“The good thing with our flexibility is we will just take advantage of an adjacent category. We’ll give up on the one category that ...