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Burlington Stores Saw Higher Freight and Product Sourcing Costs in Q1

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

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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