Is HomeGoods going out of business? Many shoppers are curious about the fate of this popular home decor retailer. Let’s explore the facts and rumors surrounding HomeGoods to understand if there’s any truth to the speculation about its potential closure. Let’s find out!
No, HomeGoods is not going out of business! They stopped selling things online just over two years after they started their website to buy stuff. HomeGoods closed its online store. They emailed customers, saying, “They’ll stop online shopping after October 21.” The email mentioned, “They want to focus more on their physical stores and plan to open new ones soon.”
HomeGoods is known for selling discounted furniture, lamps, art, and other decor. The decision to close the online store might be because shipping these items costs a lot.
The change had only affected HomeGoods’ site, and after October 21, customers can use HomeGoods gift cards at other TJX-owned stores like T.J. Maxx, Marshalls, Home Sense, and Sierra.
TJX Companies, which owns HomeGoods, didn’t comment on this.
HomeGoods started its online store in September 2021. They hesitated initially because their business model focuses on low prices and the fun of finding bargains in physical stores.
TJX plans to open about 125 new stores in 2024. In the second quarter, their net sales were $12.8 billion, an 8% increase from last year.
Some customers are upset about the online store closing and express disappointment on social media.
HomeGoods decided to focus all its efforts on its 900 stores in the U.S. instead of the website. It wanted its loyal customers from HomeGoods.com to keep shopping in its stores. At the time of closure, the website had a big sale with discounts on lots of stuff, like bedding and holiday presents.
Those who have spent time shopping at HomeGoods are used to the lines surrounding several aisles. The company’s clients are devoted, and the business is distinct.
About HomeGoods
HomeGoods is a home furnishing store located in Framingham, Massachusetts. They started as a small group in 1992 and now have many stores throughout the United States. They sell home furniture, linens, cooking, art, and more.
The big boss of HomeGoods is TJX Companies, and it’s like a brother or sister to T.J. Maxx, Sierra Trading Post, and Marshalls. The size of each store can be different, and in some places, you can find both HomeGoods and T.J. Maxx or Marshalls in one building.
If you go to Canada or Europe, there’s a similar store called HomeSense, and the big boss of HomeGoods also runs it. In 2017, they said they were opening around 400 HomeSense stores in America.
HomeGoods even has an app called “HomeGoods.” It helps you find their stores, deal with gift cards, and take care of rewards if you have a TJX Rewards Credit Card.
But here’s something new: starting October 21, 2023, HomeGoods stopped letting people shop online on their website.
What Are Some Popular Items At HomeGoods Stores?
HomeGoods is a place where you can find awesome stuff for your Home. People like discovering these things:
- Cool Books for Your Table: HomeGoods has books that are not only fun to read but also look great on your living room table. They cover topics like art, fashion, and travel.
- Fancy Lamps for Your Table: Lighting can make a big difference, and HomeGoods has many stylish table lamps. They come in all sorts of designs, from modern to vintage.
- Incredible Decorations: HomeGoods is fantastic for finding unique decorations. They have things like pretty vases, cool sculptures, candles, and quirky stuff that make your Home unique.
- Super Soft Blankets: Make your couch or bed cozy with soft blankets from HomeGoods. They have different textures, colors, and patterns, so you’ll find one you like.
- Affordable Art: HomeGoods has art that won’t break the bank. You might find framed prints, canvas paintings, or excellent wall hangings you like.
- Useful and Stylish Tables: End tables from HomeGoods are handy and stylish. They’re perfect for holding your favorite book, a cup of tea, or a cool lamp.
- Surprise Chairs: HomeGoods likes surprising people with chairs. They have all kinds, from unique accent chairs to dining chairs. Look for comfy and eye-catching ones.
- Transformative Rugs: Change your space with a good area rug from HomeGoods. They come in different sizes, patterns, and materials to fit any room.
What Happened To HomeGoods Stores in Ashburn, Niagara Falls, and Philadelphia?
Some HomeGoods stores closed. In Ashburn, Virginia, the store in Ashbrook Commons shut down, as it was listed as “open for lease.” But don’t worry—a new HomeGoods opened in Leesburg, nearby. There were also two more HomeGoods stores in Sterling and South Riding.
The closure and opening were expected in 2023, but the exact dates still needed to be announced. Best Life contacted HomeGoods for more details but has not responded.
In Niagara Falls and Eastern Hills Mall, a local home furnishings retailer, Home Today and Home Decor closed its two locations by mid-January. The owner, TJ Miller, mentioned sales decline and issues with the mall as reasons for closing.
In Philadelphia, the Marshalls location on East Market Street closed in early 2023. The 26,000-square-foot store, open since 2012, shut down on January 14. The reason for closing is unknown, but TJX, the parent company, confirmed that managers and staff received job offers elsewhere.
Philadelphia still has other T.J. Maxx and Marshalls stores, and TJX operates various retail stores across the area, including HomeGoods, Homesense, and Sierra Trading Post. You can find the nearest store using TJX’s online shop locator.
Where Do HomeGoods Get Its Products?
HomeGoods sources its products from various sources, mainly China and India. If you like buying things made in America, you might have other options.
Things To Remember When Shopping At HomeGoods
If you plan to shop at your local HomeGoods, there are a few essential things to remember. It’s crucial to ensure you’re getting items in good condition, as they might have been handled or displayed for a while. To avoid any disappointment, follow these simple tips shared by an expert:
- Check for Wear and Tear: Inspect items for chips and scratches before purchasing. This helps ensure you’re taking home undamaged pieces.
- Research Brands: Look into the brands you’re interested in. Choosing trusted brands can assure you of higher quality and ensure you get value for your money.
Remember, shopping at HomeGoods is not just about buying things; it’s also about the excitement of discovery. Take your time, enjoy the experience, and make sure you get all the unique finds.
Who Are Some Competitors Of HomeGoods?
Given TJX Companies Inc.’s success, it is not surprising that other retailers are also finding success. HomeGoods’ significant competitors, several of which score higher than it, are At Home, Bed Bath & Beyond, and T.J. Maxx. Even though these shops sell the same goods, there are a few noticeable differences.
Firstly, “At Home” is sometimes compared to a Walmart or Costco due to its size and design. It’s because it tends to be a considerably larger store. Aisles at HomeGoods are famous for being a little dispersed and frequently disorganized. This adds to the feeling of being on a treasure hunt. Some customers may enjoy this exciting trip, but others prefer Home’s more extensive, better-organized aisles.
Another difference between HomeGoods and some of its competitors is the brands used. “At Home” and “Bed Bath & Beyond” sell their brands and a more unified selection of products. On the other hand, HomeGoods sells well-known brand items at lower prices.
HomeGoods and T.J. Maxx are more of an international mixture of suppliers, labels, fashions, and goods. The most significant distinction between T.J. Maxx and HomeGoods is that T.J. Maxx offers a clothing section. Thus, customers can shop for clothes and home goods in the same location.
What Exciting Changes Could HomeGoods Bring in the Future?
Looking forward, HomeGoods has some good things in store for us! Here are some ideas about what might happen:
- Being Friendly to the Earth: HomeGoods might start selling more products that are good for the environment. That means using recycled materials, appliances that don’t use a lot of energy, and designs that are good for the planet.
- Smart Homes: HomeGoods could bring technology into our homes. Imagine furniture that can charge devices, lights that listen to your voice, and appliances that connect to your phone.
- Shopping Made Just for You: HomeGoods might use information about what people like to improve shopping. This could mean suggestions based on what each person likes, seeing how things look in your room before you buy them, and collections of items picked just for you.
- Working with Local Artists: HomeGoods might team up with people who create things in the local area. This way, they can offer special items made by local artists that show off the culture and creativity of different places.
- Health and Feeling Good: As people care more about being healthy, HomeGoods could offer things that improve homes’ well-being. This might include furniture that’s good for your body, calming decorations, and ways to keep your Home organized for a peaceful mind.
The future can bring surprises, and HomeGoods will change to match what people want and like.
Final Thoughts
In short, HomeGoods is not going out of business, and you don’t need to worry. They decided to stop selling things on their website, but that’s because they want people to enjoy going to their actual stores more. HomeGoods is owned by TJX, and they’re doing really well with their regular stores, where you can find cool stuff for your Home.
Even though you can’t buy things from HomeGoods online anymore, they still have lots of great deals and different things for your Home in their stores. They’re even planning to open more stores soon, which shows they believe in growing and being successful. HomeGoods is known for having excellent and affordable things for homes, and that’s not changing.
So, if you like their pillows, furniture, or other cool things, you can still go to a HomeGoods store and have fun finding awesome stuff. HomeGoods wants people to have fun shopping in their stores, so they decided to focus more on that. HomeGoods is a popular place to get stylish and budget-friendly things to make your Home look great.
