Wednesday, August 16, 2017

HomeGoods is the most impressive retail story in America

Image result for homegoodsAs most traditional brick-and-mortar retailers scramble to stave off competition from e-commerce, one retailer is thriving: HomeGoods.

HomeGoods, which is owned by TJX, is consistently a top-performer in chain-store retail. The home-fashion merchant posted comparable store sales growth of 7% in the second quarter, a number that marks a high across all of retail. This comes on the heels of three consecutive years of noteworthy performance—HomeGoods posted a 7% annual comp in 2014, 8% in 2015 and 6% in 2016.. . . more

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