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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Burlington Stores Inc. saw first quarter sales boosted by federal stimulus checks, but it wasn’t so optimistic about ongoing supply chain costs, including freight expenses, through 2021. In a Nutshell: Burlington had a very good quarter, showing that it could garner sales gains even after ditching e-commerce a year ago. BMO Capital Markets retail analyst…

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