Discount retailer Home Bargains has created more than 2,000 jobs as its sales have surpassed £3bn during its latest financial year.

Accounts submitted for TJ Morris, trading as Home Bargains, show that turnover at the business increased from £2.7bn to £3.3bn for the 12 months to June 30.

The total number of staff employed by the brand, which has stores in Gloucester, Cheltenham, Stroud and Cirencester rose nine per cent from 25,279 to 27,553, with store numbers up to 552 for 525.

Home Bargains said the increase in turnover was as a result of opening new stores, relocating some shops and an increasing contribution from its existing established sites.

Pre-tax profits also increased from £262.7m to £396.7m over the same period.

Looking to the future, TJ Morris said its aim is to have between 800 and 1,000 stores open and expects to report further growth in turnover and profits for 2022.