Home Bargains
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Formerly called
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Home and Bargain |
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| Private limited company | |
| Industry | Retail |
| Founded | Old Swan, Liverpool, England (1976) |
| Founder | Tom Morris |
| Headquarters | Liverpool, England |
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Number of locations
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400 (2017) |
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Area served
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United Kingdom |
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Key people
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Tom Morris (Managing Director), Joe Morris (Operations Director), Graeme McLoughlin (Finance Director) |
| Products | Grocery, General merchandise |
| Revenue |
 £1.60 billion (2016) |
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£498.3 million (2016) |
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£106.8 million (2016) |
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| Owner | TJ Morris |
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Number of employees
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17,000 (2017) |
| Website | homebargains.co.uk |
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Footnotes / references "Top Brands - Bottom Prices" |
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Coordinates: 53°27′51.6″N 2°53′57″W / 53.464333°N 2.89917°W
Home Bargains is a chain of discount stores founded in 1976 by Tom Morris in Liverpool, United Kingdom as Home and Bargain. It is the trading name of TJ Morris Ltd, stocking up to 4000 branded product lines and employs over 17,000 people from head office staff to warehouse staff and shop staff. In 2013, the company estimated they served over 3 million customers and published a record-breaking turnover of £1 billion which was subsequently increased by 50% just three years later in 2016.
Home Bargains were ranked in 6th place in a Which? list of 100 top stores, making them the highest ranking discount retailer in the United Kingdom and according to their website, the largest employer within Merseyside.
The retailer was founded by owner Tom Morris in 1976 as a single store in Old Swan, Liverpool when aged just 21. Morris started the business by obtaining a bank overdraft, with typical average takings initially reaching around £85 per week and was estimated in 2014 to have a personal wealth of £2.05 billion, which by 2016 had increased to over £3 billion, making him at that time the second richest man in the North West of England. Morris, who was reported to have still owned an 89% stake in the business as of 2013, operates the company with his older brother Tommy.
The business has since grown to become one of the largest privately owned companies within the UK, selling a variety of household items including food, clothing and games to name a few across up to 4000 product lines.
Customer numbers were estimated to be in excess of 3 million in 2013, with items sold typically consisting of 70% regular lines and the rest as one-off product lines. The retailer was ranked 6th in a Which? list of 100 top stores, making them the highest ranking retailer within the United Kingdom.
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