Home Bargains

Companies

Description

Home Bargains is a British variety store chain founded in 1976 by Tom Morris in Liverpool, England, as Home and Bargain. It is the trading name of TJ Morris Ltd.

History

The retailer was founded by owner Tom Morris in 1976 as a single store called Home and Bargain in Old Swan, Liverpool when he was aged 21. The name was changed to Home Bargains in 1995, but is still colloquially referred to by its original name in the Merseyside area.

Morris, who was reported to have still owned an 89% stake in the business as of 2013, operates the company with his brother Joe. The business has since grown to become one of the largest privately owned companies within the United Kingdom, selling a variety of household items including food, clothing and games.

Customer numbers were estimated to be in excess of three million in February 2013, with items sold typically consisting of 70% regular lines and the rest as one-off product lines. The retailer was ranked sixth in a Which? list of 100 Top Stores, making them the highest ranking retailer within the United Kingdom.

Growth

From 1977, annual growth was around 20–25%. They opened their first warehouse in Prescot in 1979. They then moved to the Rocket Warehouse in 1983. Then, in 1994, they moved to another warehouse, Fallows Way. The retailer gained approval in January 2008 to construct new headquarters in Merseyside, which it estimated would create seven hundred jobs at the Axis business park, Croxteth, as it constructed a ten-storey distribution centre and retail training facility.

A £70m distribution centre began construction in October 2013 in Wiltshire, England, as a duplicate of their 700,000 sq ft (65,000 m2) facility that they had opened at its Liverpool headquarters some years prior, in order that their expansion plans could be maintained.

In January 2023, Home Bargains announced that the company had purchased rival discount retailer Quality Save for an undisclosed amount. The purchase came after Quality Save reported it had made a loss of more than £64,000 for the 12 months, compared to a prior £1.3m profit the year before despite having an increase of £3.7 million turnover, all Quality Save stores will convert to the Home Bargains name and brand.

Rating GlobalENG.biz

Take place
general
№362
general
Take place
area
№30
In rating
Consumer goods
area

Head organization

TJ Morris Ltd
TJ Morris Ltd is a British company that owns several businesses, including the discount store chains Home Bargains and Quality Save. Home Bargains The main business of TJ Morris is

COMPANIES IN ENGLAND


English business portal GlobalEng.biz includes a huge catalog of organizations in England. Here you can easily find all the necessary information about the company. The organization card contains a page with a detailed description of the company's activities, a logo, contact details and a link to the official website of the organization. The reader can also get acquainted with the company's employees, see the latest press releases and news block, as well as which line of the rating the company occupies. Member Rating GlobalEng.biz The business portal is calculated based on the number of mentions in the news of England and posted press releases containing information about the activities of the organization and its achievements. You can also rise in the ranking by publishing vacancies and the number of registered persons. At the same time, the company's representatives can independently see how many times the company's card has been viewed on GlobalEng.biz, as well as promptly correct the information. We pay special attention to the versatility of the "Companies" section. For your convenience, there is a search bar, as well as an industry title. The English business portal is always an up-to-date database of enterprises in England!
Alena Potapova

Development Director
Population
8124778993
Died this year
22571863
Born this year
55530778