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At TJX, Home Is Where the Money Is

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HomeGoods generated 15 percent year-over-year open-only comparable store sales growth in the quarter, as well as net sales of $1.9 billion. The banner will launch its first full e-commerce site in the second half of 2021.
HomeGoods generated 15 percent year-over-year open-only comparable store sales growth in the quarter, as well as net sales of $1.9 billion. The banner will launch its first full e-commerce site in the second half of 2021.
CREDIT: Elise Amendola/AP Photo

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Amid better-than-expected sales and earnings per share totals that saw the off-price retailer generate more than $10 billion in the third quarter, TJX is embracing a category that has kept the company afloat during Covid-19—home furnishing. In a Nutshell: The parent to TJ Maxx, Marshalls and HomeGoods has temporarily closed 471 of its 4,574 stores…

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