At Home Posts 42% Sales Growth in Second Quarter, Eyes Store Expansions

Plano, Texas — At Home, a home décor and furnishings retailer, posted net sales of $515 million in its fiscal second quarter, which ended July 25, and is reportedly looking to expand its footprint. That figure represents a 42% year-over-year increase in comparable store sales.

At Home CEO Lee Bird told CNBC the first weekend in August that the company has been expanding its store count by about 20% per year over the last 7 years, and that it could grow from its current 219 stores to as many as 600. Bird cited the Plano, Texas-based retailer’s emergence as an essential retailer and a one-stop-shop for a broad range of home goods, as well as the growth of its omnichannel sales platform and the ability to social distance inside its large-format stores, as key drivers of its growth.

 

SOURCE: www.shoppingcenterbusiness.com

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