After posting stronger than expected holiday sales, Burlington Stores Inc. has named a new chief financial officer.
Burlington Stores president and CEO Tom Kingsbury has the operator of 523 stores headed in the right direction with an off-price model that is delivering results and poised for expansion.
Burlington Stores president and CEO Thomas A. Kingsbury has been elected as chairman of the board of directors.
Shares of Burlington Stores surged more than 40% in their first day of trading as the company executed an initial public offering on Wednesday.
Burlington Coat Factory reported that total sales for its second quarter increased 8.9% to $793 million and comparable-store sales were up 4%.