Early Life and Education
Thomas Joseph Morris was born in Liverpool, England, on February 10, 1954. He is one of seven children born to a shopkeeper. Morris received a degree in engineering, which he used as a foundation for his entrepreneurial efforts.
Rise to Success
Morris started Home Bargains in 1976 at the age of 21 with a bank overdraft, originally naming the store 'Home and Bargain'. The first store was opened in Old Swan, Liverpool. In 1995, he rebranded the stores' logo and name to Home Bargains. The chain has grown significantly and is now a nationally recognized brand. His success has been attributed to a relentless quest for efficiency.
Key Business Strategies
Morris's business strategy has focused on providing affordable prices, which has led to Home Bargains' massive success.
Philanthropy
Tom Morris is known to be media-shy, but his philanthropy is significant. He has donated to local schools, charities, and community organizations, particularly around Liverpool. His focus is on health, youth, and educational projects. In 2020, he established a $35 million fund to support staff during the coronavirus outbreak.