TJ Morris goes for growth after warehouse move

TJ Morris, owner of the Home Bargains value chain, is preparing for expansion following its move to a warehouse and distribution centre three times the size of its previous distribution base.

Joe Morris, director of the retail group, said the business was performing strongly and should deliver 'continued growth' this year.

'The warehouse move gives us greater capacity to take on more stores and expand our product range,' he added.

The retailer has 85 shops and supplies a further 15 Quality Save stores.

It also owns two Halfpriceorless stores, but abandoned an e-commerce version of the format last year.

The company this week announced pre-tax profits of£6.98 million for the year ended June 30, 2002, up from£5.3 million the previous year, on a turnover of£116 million.

Owner Tom Morris was ranked joint 729th in the Sunday Times Rich List 2003.