HomeGoods Not Closing Stores, Expanding Network

HomeGoods is not closing its stores across the United States, as its parent company, TJX, actively continues to expand its retail footprint. TJX announced it opened a net of 71 new stores globally in the first half of fiscal year 2027, including 10 new HomeGoods locations.

This development counters some reports of store closures that have affected sister brands T.J. Maxx and Marshalls. Instead, HomeGoods appears to be following TJX's broader strategy, which involves relocating from aging or less favorable properties to better-positioned sites rather than shrinking its overall presence.

The company has ambitious growth objectives, planning to accelerate store openings by 4 percent starting next year. The long-term goal is to expand its global store base to 7,500 locations across its existing brands and countries.

Industry analysts note that the HomeGoods banner provides TJX with non-apparel diversity and flexibility for varied shopping experiences and distinct real estate strategies. Large retailers continually evaluate individual store locations and economics to direct capital toward the strongest opportunities.