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Burlington Stores

Burlington Coat Factory store exterior in Mount Laurel, New Jersey.

Burlington CEO Ready to Move on From ‘Execution Mistakes’

Burlington Stores is paying up $11 million in a class action settlement to 1,715 present and former assistant store managers after the retailer allegedly failed to compensate overtime.

Burlington Settles Overtime Lawsuit for $11 Million

Off-price retailer Burlington saw first-quarter sales decline 12 percent to $1.93 billion though investors still sent the stock up 8.75%.

Burlington Reports ‘Self-Inflicted’ Sales Miss After Inventory Plan ‘Backfired’

Freight and supply chain costs hurt Burlington's Q4, and the retailer will get more aggressive in the coming quarters on price hikes.

Burlington CEO: We’re the ‘Smallest, Least Productive and Least Profitable’ Off-Price Retailer

CEO Michael O'Sullivan says Burlington's in a good position whether inflation kicks up or if retailers return to promotional habits.

Burlington CEO Warns of ‘Very Unpredictable’ 2022

Burlington saw total revenue skyrocket 118 percent up to $2.22 billion, well ahead of the $1.01 billion it took in during the 2020 second quarter, and up 33.3 percent from 2019 numbers.

Burlington Calls On Reserve Inventory to Chase Sales Trends

Burlington's merchants executed well on buying and flowing inventory, but it cautioned that supply chain and freight costs remain for 2021.

Burlington Capitalized on Sales Trends, But Warned on Supply Chain Costs

Burlington Stores boosted its store plans from 1,000 to 2,000, relying on smaller formats that lower costs and grow operating margins.

Burlington’s Going Big by Going Small

Burlington Stores has reopened 402 doors, with the balance to reopen in June, and pent-up demand has sales exceeding prior year levels.

Sales Exceeding Prior-Year Levels at 332 Reopened Burlington Stores

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