Hobby Lobby makes $7 billion in sales but looks like a CVS under fluorescent lights, while HomeGoods pulls in $51 billion with a better vibe. Two speakers argue both chains are leaving money on the table by not making their stores feel like curated Instagram-ready boutiques instead of cluttered warehouses.
Hobby Lobby. Apparently they do $7 billion a year in sales, which is wild. And then TJ Maxx, HomeGoods, and that whole entity is like $51 billion. But if you think about what the store looks like, it looks like kind of a gnarly CVS. Fluorescent lights, everything's a little dirty, too much stuff crammed in there, and it's always packed. But women, there's like something that we love about a discount on like a HomeGoods item, like a nice little vase, a candle. But I think that there's a play here for HomeGoods or Hobby Lobby 2.0. And all you would have to do is walk in there, go, oh, Oh my God, there's nothing nice about this place except that it has what is required and like church it up.
I'm with you. The current Hobby Lobby is half CVS, half Home Depot or something like that. It's not—
Yeah, exactly.
It doesn't look like Etsy or Instagram.
If your wife's upset, you just tell her like, let's go to HomeGoods, honey, and like take her around and get her some candles.
Oh, that's a great idea.
Yeah. Are you gonna write that down?
No, I don't even need to write that down. That went straight to my core memory. Actually, I'm gonna do it preventatively every Friday just in case. And it's cheap, so.
