HomeGoods going out of business is a topic many shoppers are searching online recently. News about store closures and retail changes has caused confusion among customers. Some people believe the company might shut down completely. However, closures at certain locations do not always mean the entire brand is disappearing. In this article, we explain the real situation behind HomeGoods and what it means for shoppers, as seen through Kirklands.
HomeGoods Business History
- 1992 (Founding): TJX launches the HomeGoods brand to offer discounted global home fashions.
- 1996 (Early Scale): The chain successfully reaches 21 locations by the end of its fourth year.
- 2001 (Brand Diversification): TJX introduces HomeSense in Canada to complement the HomeGoods model.
- 2015 (Major Growth): HomeGoods celebrates the opening of its 500th store in the U.S.
- 2017 (Domestic Expansion): The HomeSense brand is officially launched in the U.S. to sit alongside HomeGoods.
- 2021 (Digital Pivot): HomeGoods launches its first e-commerce site to capture the online decor market.
- 2023 (Strategic Shift): The company closes its online shop to focus exclusively on the in-store “treasure hunt” experience.
- 2025–2026 (Market Dominance): HomeGoods and HomeSense collectively surpass 1,000 stores, with annual sales reaching roughly $9.4 billion.
HomeGoods Going Out of Business: What’s the Real Truth?
Contrary to the rumors, HomeGoods is not going out of business. In fact, the brand is growing and plans to open around 30 new stores in 2026.Some confusion comes from its competitor, At Home, which recently filed for Chapter 11 bankruptcy and closed more than 30 underperforming stores. Meanwhile, HomeGoods’ parent company, TJX, reported strong results with $60.4 billion in annual sales and $5.5 billion in net income.
Another reason people got confused is that in 2023, HomeGoods shut down its online store. This was a strategic move to focus on its highly successful in-store “treasure hunt” shopping experience. Today, HomeGoods remains a leading brand with over 900 stores and continues to grow, seeing a 5% to 6% increase in sales each year.
Overview of HomeGoods
HomeGoods was launched in 1992 as a home décor brand under The TJX Companies, which also owns T.J. Maxx and Marshalls. The company was led by Ben Cammarata, who helped introduce the off-price retail model for home products in the United States, a concept also embraced by Hobby Lobby.
What started as a small test concept has now grown into a major national brand, with over 900 stores offering branded furniture, kitchen items, and home accessories at discounted prices. Today, HomeGoods is a key part of the TJX portfolio and is well known for its popular “treasure hunt” shopping experience.
Why Are People Searching “HomeGoods Going Out of Business”?
The rumor that HomeGoods is going out of business mostly comes from clickbait headlines and confusion online, especially on Reddit. People often mix it up with other brands like At Home going bankrupt or store closures at Kirkland’s. Posts on subreddits like r/TjMaxx and r/Anticonsumption show that shoppers also get worried when they see empty shelves during restocking, or remember when HomeGoods shut down its online store in 2023.
In reality, TJX (the parent company) uses this “treasure hunt” style to attract customers to its 900+ physical stores, which are still doing very well and even expanding with about 30 new locations. Because the stores don’t always keep the same items in stock, people often think something is wrong when shelves look empty. This leads to viral posts asking “is it closing?”, even though the company is financially strong and growing.
Are Any HomeGoods Stores Closing?
HomeGoods is not undergoing any mass closures and is actually in an aggressive expansion phase, with plans to open approximately 35 net-new locations across the Marmaxx and HomeGoods divisions throughout 2026. While individual stores occasionally relocate or close due to specific lease expirations, the brand’s parent company, TJX, has confirmed it has no plans for major shutdowns and aims to grow its global footprint toward a 7,000-store target.
| Category | Status |
| Store Closures | No mass closures; only rare, site-specific relocations. |
| New Openings | ~35 new HomeGoods and HomeSense stores planned for 2026. |
| Financial Health | Record $60.4 billion in annual sales for parent company TJX. |
| Growth Strategy | Expanding into new markets and rural “small-format” hubs. |
Why Some HomeGoods Stores Are Shutting Down?
While HomeGoods is growing overall, some individual stores do close from time to time. This usually happens because of location changes or leases ending on stores that aren’t performing well.
The parent company, TJX, often shuts down older or less effective stores and moves to newer, busier shopping areas where their “treasure hunt” shopping experience works better.
| Reason | Details |
| Relocation | Stores close in older malls to reopen in nearby, more profitable “power centers.” |
| Lease Expiration | Closures occur when a landlord significantly raises rent or the lease naturally ends. |
| Performance Review | Underperforming stores that don’t meet sales targets are shuttered to save capital. |
| Redevelopment | Stores may close if a shopping center is being demolished or turned into housing. |
How Many HomeGoods Stores Are Still Open?
As of early 2026, HomeGoods remains a retail powerhouse with approximately 965 to 1,000 active stores across the United States. Far from closing, the brand is in a major growth phase, with parent company TJX currently opening about 30 to 35 new locations this year to reach a long-term goal of 1,800 stores.
| Region/State | Estimated Store Count | Market Status |
| California | 110 Stores | Largest market (11% of all stores) |
| Florida | 82 Stores | High-growth region with recent openings |
| Texas | 74 Stores | Core expansion hub for 2026 |
| New York | 59 Stores | Dense concentration in tri-state area |
| Other 44 States | ~640+ Stores | Present in almost every U.S. state |
| Total (U.S.) | ~965+ | Expanding (30+ new stores in 2026) |
Customer Reactions and Online Rumors
Online rumors about HomeGoods going out of business mainly come from clickbait headlines and confusion on Reddit. Many people mix it up with other brands like At Home or Tuesday Morning going bankrupt. Shoppers also get worried when they see empty shelves during restocking or remember the website shutdown in 2023.
In reality, TJX uses this “treasure hunt” style to attract customers, and the stores are still profitable and expanding, with 30+ new locations planned for 2026. Since items aren’t restocked the same way, even empty shelves can spark “is it closing?” posts, even though the company is doing very well.
What the Future Looks Like for HomeGoods?
The future of HomeGoods is focused on strong store growth and a “store-first” strategy, with its parent company TJX planning to open around 35 new locations in 2026. While many retailers are moving toward online-only models, HomeGoods is focusing more on its “treasure hunt” in-store experience and aims to reach about 1,800 stores worldwide to grow its market share.
Financially, the brand is doing well, with sales increasing by 5% and a focus on higher-profit items like home textiles and seasonal products to manage rising costs. By 2027, the company expects its newer stores to reach full efficiency, strengthening its position as a leading off-price home décor retailer in a market expected to reach $258 billion.
My Research on HomeGoods Business Status
As you know, I’m a business expert and share insights on Bizlixo, and my research shows that HomeGoods is in a strong position. The brand is growing steadily and expanding its physical stores. Backed by TJX, it continues to perform well financially. Overall, there are no signs of it going out of business.
Final Remarks
HomeGoods is financially strong and expanding, with over 965 stores and 30–35 new locations planned for 2026. Store closures are rare and usually strategic, aimed at better locations or lease expirations. The brand’s “treasure hunt” in-store model keeps it profitable and popular among shoppers. Overall, the company is stable, growing, and shows no signs of going out of business.
FAQs
Is HomeGoods going out of business in 2026?
No, HomeGoods is not going out of business and continues to operate many stores across the United States.
Why are people saying HomeGoods is closing?
Rumors often start because of temporary store closures, retail industry challenges, or misinformation shared online.
How many HomeGoods stores are currently open?
HomeGoods operates hundreds of locations in the United States as part of the TJX Companies retail group.
Are any HomeGoods stores closing permanently?
Some locations may close due to lease issues or company strategy, but the brand itself continues operating.
