Burlington Stores Inc. has joined the cadre of profitable off-price retailers in the second quarter with a round of impressive sales results.
Burlington has partnered with K.I.D.S./Fashion Delivers and ABC’s Good Morning America for its eighth annual Warm Coat Warm Hearts coat drive, themed around “Families Helping Families.”
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.
Severe winter weather has adversely affected many retailers in the fourth quarter, but not Burlington Stores, which saw comparable store sales increase 4% and net sales increase 1.3% to $1.3 billion for the period ended Feb. 1.
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%.
Burlington Coat Factory Warehouse announced that net sales for the second quarter ended July 31...