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Burlington Stores Saw Higher Freight and Product Sourcing Costs in Q1

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While Burlington Stores Inc.’s first-quarter results met Wall Street’s estimates, women’s apparel still underperformed and it saw increases in both freight and product sourcing costs. In a Nutshell: Tom Kingsbury, chairman, president and chief executive officer, said that although first-quarter sales came in at the low end of company expectations, Burlington’s disciplined expense management helped…

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