• But the parent company of T.J. Maxx, Marshalls and HomeGoods and the off-price retail sector is "relatively insulated from tariffs," according to a recent Bank of America analyst report.

Why is off-price retail insulated from tariffs?

The big picture: Off-price retailers, which also include Ross and Burlington, typically stock up on merchandise that other retailers already imported and previously paid tariffs on but could not sell themselves.

• Off-price retailers are continuing to "gain share as consumers feel increasingly stretched by inflation," the Bank of America report said.
• "We view off-price as a relatively better performer versus the rest of retail in a macro slowdown," the report said.
• UBS analysts said in a recent report that they view "TJX as capable of taking major market share from Department Store peers over the next few years."

How big is TJX's business?

Flashback: The first T.J. Maxx store opened in 1977 in Framingham, Massachusetts, offering brand-name clothing at lower prices, sourced from overstock and manufacturers' closeouts.

By the numbers: The company has 5,000-plus locations in nine countries and six e-commerce sites.

• There are approximately 349,000 employees.
• Sales have grown into a $56-billion-a-year business, TJX CEO Ernie Herrman said during a Feb. 26 earnings call.
• Herrman said the company's merchants source from "an ever-changing universe of over 21,000 vendors and from more than 100 countries."

New stores planned

What's next: TJX plans to open hundreds more stores globally.

• "We are increasing our long-term store potential to a total of 7,000 stores, or over 1,900 more stores in just our existing and announced geographies," Herrman said.