Over 2,000 jobs were created by Home Bargains as the retail chain's sales broke above £3bn in the latest financial year.
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 company also entered the year with 552 stores, up from 525, reports BusinessLive.
The company, which was founded by Tom Morris more than 40 years ago, said the rise in its turnover was achieved by the opening of new stores, relocating a number of shops and an increased contribution from its existing sites. Its pre-tax profits also increased from £262.7m to £396.7m over the same period.
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With plans to increase that number during its current period, the discount store chain 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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