Shoppers to Your Carts! HomeGoods’ Forthcoming Spinoff Store Has a Name and Opening Date

Your next home décor obsession has a name!

Decorating junkies let out a collective squeal of pure joy when TJX Cos., the parent company of TJ Maxx, Marshalls, and HomeGoods, announced in March that they will be launching a new home concept store this year.

On Tuesday, CEO Ernie Herrman finally shared a few more details on the forthcoming chain, including its name: HomeSense.

RELATED: Here’s Why Everyone’s Obsessed with HomeGoods: Inside the Discount Decor Store’s Super Fandom

On a quarterly earnings call, he stated, “We plan to open our first store in late summer with a few more stores slated for the fall,” he said. “HomeSense will offer consumers a different mix of home fashions from HomeGoods, but at the same grade value.”

WATCH THIS: Property Brother Drew Scott Explains When He Knew His Fiancee Was ‘The One’

RELATED: PEOPLE Readers Share Their Most Hilarious HomeGoods Finds and They Do Not Disappoint

And just when you thought things couldn’t get better, they also announced that the inexpensive go-tos will be situated near each other, so customers can conveniently “shop both.”

Hermann said in March that the goal for HomeSense, “is to make them distinct enough, but complementary to HomeGoods and its offerings,” adding that, “Our customers are passionate about HomeGoods and we are confident they will love our new home concept, too.”

BRB, starting the savings account now.

from PEOPLE.com http://people.com/home/homegoods-new-store-name-open-date/

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