|HomeGoods: Division of The TJX Companies Inc. - company profile on Apparel Search|
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HomeGoods, a chain of off-price home fashions stores introduced in 1992, operated 270 stores at 2006's year-end. HomeGoods offers an exciting and rapidly changing selection of home décor merchandise, including giftware, home basics, accent furniture, lamps, rugs, accessories, children's furniture, and seasonal merchandise at great values. This chain operates in a standalone and superstore format, which couple HomeGoods with a T.J. Maxx or Marshalls. Standalone HomeGoods stores average approximately 27,000 square feet in size. In the year 2007, HomeGoods expects to net 12 additional stores. Ultimately, they believe that the U.S. market could support approximately 500-600 HomeGoods stores.
The TJX Companies, Inc., is the leading off-price apparel and home fashions retailer in the U.S. and worldwide, with over $17 billion in revenues in 2006, eight businesses, and more than 2,400 stores. TJX ranked 133rd in the most recent Fortune 500 rankings. TJX's off-price concepts include T.J.Maxx, Marshalls, HomeGoods, and A.J. Wright, in the U.S., Winners and HomeSense in Canada, and T.K. Maxx in Europe. Bob's Stores is a value-oriented, casual clothing and footwear superstore in the Northeastern U.S. Their off-price mission is to deliver a rapidly changing assortment of quality, brand name merchandise at prices that are 20-60% less than department and specialty store regular prices, every day. Their target customer is a middle to upper-middle income shopper, who is fashion and value conscious and fits the same profile as a department store shopper, with the exception of A.J. Wright, which reaches a more moderate-income market, and Bob's Stores, which targets customers in the moderate to upper-middle income range.
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