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- The home-goods retail sector is saturated with options — and some are better than others.
- Pier 1 Imports was once a leading player in the market, but it has since fallen behind other competitors like Target, Amazon, and TJ Maxx.
- We visited Pier 1 Imports and TJ Maxx to see which store is better for home-goods shopping. Despite its recent struggles, Pier 1 Imports was the clear winner.
- Visit Business Insider’s homepage for more stories.
Home-goods retailers are in a competitive market these days — and not every store is making the cut.
Pier 1 Imports — once a top contender in the home goods and accessories category — has been losing value for nearly five years. The company’s CEO, Cheryl Bachelder, announced in an earnings call in June it would close 57 stores by the end of its 2020 fiscal year t0 cut costs after weak quarterly earnings results.
TJ Maxx, on the other hand, has become a go-to destination for shoppers who want a good bargain in general. Ernie Herrman, the CEO of TJX Companies — the parent company of TJ Maxx, Marshalls, and HomeGoods — said in May that business from bargain-driven consumers was likely to increase given the threat of tariffs and subsequent price hikes of other retailers.
We visited TJ Maxx and Pier 1 Imports to see which retailer is better for home goods. Pier 1 Imports’ vast selection and color-infused merchandise was charming enough for it to earn the victory, while the TJ Maxx location we visited disappointed us with its limited and slightly erratic display.
First, we stopped by TJ Maxx in Manhattan’s Financial District.
Shoshy Ciment/Business Insider
Like most TJ Maxx stores, the majority of the space was filled with clothing — but we knew there was a sizable section of home goods to be found.
Shoshy Ciment/Business Insider
There were a few home items on the main floor, but they seemed a little out of place.
Shoshy Ciment/Business Insider
See the rest of the story at Business Insider
See Also:
- We shopped at Target and the struggling Pier 1 Imports to see which store is better at selling home goods — and there was a clear winner
- I ate the bacon, egg, and cheese biscuits from 4 major fast-food chains, and the winner surprised me
- We shopped at TJ Maxx and Saks Off 5th to see which store is better for discount shopping — and the winner was obvious
Source: Business Insider – feedback@businessinsider.com (Shoshy Ciment)