At Home has seen exponential growth during the pandemic, and there’s no stopping the retailer’s plans for expansions anytime soon.
Physical stores serve as the “center of our universe” according to At Home’s Chief Executive Officer, Lee Bird. The home décor sector has seen an influx of demand as many consumers are spending more time at home. Because of this, the company sees the opportunity to continue to invest in physical spaces.
At Home currently operates 220 locations in 40 US states. In an article with CNBC, the CEO stated that there’s a possibility for a roster of 600 total locations, almost tripling their current brick-and-mortar footprint.
“We are throwing off a lot of cash, but we’ve got a lot of growth in front of us,” Bird said.
At Home delivered record-setting third quarter results, with a net sales increase of 47% and same-store sales growth of 44%. The company’s stocks have also grown significantly – surging 200% year to date.
“We’ve got great momentum all the way through the fourth quarter and we feel like that’s going to continue to next year. We’re growing three to four times the industry average for sure,” Bird noted.
Source: At Home CEO – CNBC
Photo Credit: Retail & Leisure International
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About At Home Group Inc.
At Home (NYSE:HOME), the home decor superstore, offers more than 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal decor. At Home is headquartered in Plano, Texas, and currently operates 219 stores in 40 states. For more information, please visit us online at investor.athome.com.
