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Home Bargains creates more than 2,000 jobs as sales reach £3bn

Discounter, Home Bargains, created more than 2,000 jobs as its sales surged past £3bn during its latest financial year, new documents have revealed. Newly filed accounts… View Article

FOOD & DRINK

Home Bargains creates more than 2,000 jobs as sales reach £3bn

Discounter, Home Bargains, created more than 2,000 jobs as its sales surged past £3bn during its latest financial year, new documents have revealed.

Newly filed accounts for TJ Morris, which trades as Home Bargains, show the Liverpool-headquartered retailer’s turnover increased from £2.7bn to £3.3bn in the 12 months to June 30, 2021.

The number of staff employed by the business increased 9% from 25,279 to 27,553 as the company ended the year with 552 stores, up from 525.

Its pre-tax profits also increased from £262.7m to £396.7m over the same period.

With plans to increase that number during its current period, the company added it expects to report a further growth in turnover and profits.

TJ Morris also said its aim is to have been 800 and 1,000 stores open.

The accounts also show that exceptional costs related to Covid-19 dropped during the year from £14.4m to £6.9m.

 

 

 

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