Home Business At Home Stores are excelling during the pandemic, Expansion is in the...

At Home Stores are excelling during the pandemic, Expansion is in the works for more locations


One home goods store has actually seen its sales skyrocket throughout the pandemic, with customers flocking to its web site and also shopping for brand-new patio furniture and office accessories. And also it has big objectives to grow, while many merchants are losing weight, or some in its classification like Pier 1 Imports are going out of business totally.

The Chief Executive Officer of Plano, Texas-based At Home informed CNBC’s Kelly Evans Friday mid-day that the business might expand from the 219 location it has today to greater than 600 stores across the country.

“We’re a growth company,” Chief Executive Lee Bird said. “We’ve been growing almost 20% … for the past seven years.”

While some have been struggling with the stay at home orders and seen sales tumble, In At Home company is flourishing, according to a recent initial revenues record.

Earlier today, At Home launched preliminary, unaudited results for its newest quarter ended July 25. It stated quarterly same-store sales are expected to be up 42%. And At Home’s second-quarter net income is projected to be least $82 million, with sales totaling to about $515 million.

“We think this is going to last for some time,” Bird said Friday about people investing in their homes. “People are going to feel a lot more comfortable staying at home than being out. … After 9/11, people stayed at home … and that was a multi-year benefit for our industry.”

At Home shares have actually skyrocketed greater than 123% this year. The company has a market cap of $778.6 million.

Drew Simms
Drew has always been known as a media jockey, founded a professional business, and a news blog covering the Apple ecosystem. He has served as News Editor and Managing Editor at The Next Web and is now Editor-In-Chief at Drew Reports News. He has made a name for himself in the media world as a writer and editor, relentlessly covering various topics. Contact Drew at drew@drewreportsnews.com.
- Advertisement -

Must Read

X-Men: Apocalypse star Ben Hardy and Olivia Cooke calls it quits

Ben Hardy and Olivia Cooke - who met when they co-starred in 'Pixie' and were first reported to be dating in February - have...

Huawei Stops Production of Kirin Chipsets Making The Mobile Phone Vulnerable

How Engineered Antibodies Are Turning the Tide This Pandemic

Liam Gallagher takes family away to France on private jet