Marshalls, HomeGoods coming to Sioux Falls

By Jodi Schwan

Marshalls and HomeGoods are coming to Sioux Falls.

The growing chains will become the latest big national names to open at Lake Lorraine, according to plans submitted to the city.

The stores will have separate entrances but connect internally. They will be part of an almost 180,000-square-foot stretch of retail being built on the east side of the Lake Lorraine development, southeast of 26th Street and Marion Road.

Both chains are in growth mode. Marshalls has almost 1,000 locations nationally, and HomeGoods has almost 600 stores.

Both concepts are owned by TJX Cos., the parent company of T.J.Maxx.

The company reported 6 percent growth in net sales year-over-year when annual earnings were reported in February, with comparable store sales up 3 percent.

“(This) tells us that our eclectic merchandise mix and amazing values continue to resonate with consumers across our geographies,” CEO Ernie Herrman said in a news release. “It was also great to see a strong increase in our merchandise margin over a very solid increase last year.”

The new stores will join Hobby Lobby, Carter’s/OshKosh, DSW and Ross Dress for Less at Lake Lorraine.

“We feel like we have the best lineup available in today’s market,” said Mike Van Buskirk of Van Buskirk Cos., the co-developer of Lake Lorraine. “We’ve got tenants that are actively expanding.”

All the new stores plan to open by the end of the year, except DSW, which plans to open early next year.

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Marshalls, HomeGoods coming to Sioux Falls

Marshalls and HomeGoods are coming to Sioux Falls.

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