U.S. tariffs are significantly impacting retailers, forcing companies like TJX, Ross Stores, and Burlington to adapt in a challenging market. Although inflation has decreased, tariffs are increasing product prices, complicating price adjustments for retailers focused on value. Executives, including Burlington’s CEO Michael O’Sullivan, acknowledge the need to carefully navigate these cost pressures while maintaining competitive pricing. As retailers face potential price hikes, they remain vigilant, emphasizing the importance of delivering bargains to price-sensitive consumers, particularly as the fall season approaches.

Source: https://www.supplychaindive.com/news/tjx-ross-burlington-pricing-off-price-tariffs/759251/