The retailer was founded by owner Tom Morris in 1976 as a single store called Home and Bargain[2] in Old Swan, Liverpool when he was aged 21.

[4] The business has since grown to become one of the largest privately owned companies within the United Kingdom, selling a variety of household items including food, clothing and games.

[7] A £70m distribution centre began construction in October 2013 in Wiltshire, England, as a duplicate of their 700,000 sq ft (65,000 m2) facility that they had opened at its Liverpool headquarters some years prior, in order that their expansion plans could be maintained.

[4] In January 2023, Home Bargains announced that the company had purchased rival discount retailer Quality Save for an undisclosed amount.

[11] The retailer announced in October 2008 that preparations are underway to expand into Scotland for the first time, opening their first store in Rutherglen in December 2008.

[13] The retailer has seen strong sales growth over the past few years, with turnover more than doubling in a four-year period (2011 to 2015).

[14] In 2009, the firm was aiming to be turning over £1bn a year by 2015, having grown the number of its stores to 350, with the potential for six hundred across the United Kingdom.

Home Bargains was also the supplier of to its sister discount chain Quality Save, whom it supplied all stock, shop fittings, trolleys and tills, until it closed in 2024.