HomeGoods, a chain of off-price home fashions stores introduced in 1992, operated 289 stores at 2007's year-end.
HomeGoods offers exclusively home fashions, with a broad and always-fresh array of giftware, home basics, accent furniture, lamps, rugs, accessories, children's furniture, and seasonal merchandise.
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 2008, we expect to net 25 additional stores and believe that the U.S. market could support approximately 550 to 600 HomeGoods stores in the long term.