Home Goods Offering Online Shopping: Could It Boost TJX Shares?

Home Goods Offering Online Shopping: Could It Boost TJX Shares?
A store isle at the Walmart Supercenter in Thornton, Colo., in a file photo. Caique Morais/Unsplash
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A leading home décor and furnishings retailer is upping its game with the rollout of online shopping. Could it boost revenue and the share price?

What Happened

HomeGoods, a store brand owned by TJX Companies Inc., is a leader and well-known brand in the home décor and furnishings space.

The retail brand ended the second quarter with 846 stores. Customers who do not live near a Home Goods or regularly frequent the stores now have the opportunity to shop online.