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Burlington Stores, Inc.
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About Burlington Stores, Inc.

Burlington Stores (Burlington) takes the "Brrr!" out of your life. The clothing retailer, which made its name selling coats, operates nearly 700 no-frills retail stores offering off-price current, brand-name clothing in about 45 states plus Puerto Rico. Although it is one of the nation's largest coat sellers, the stores also sell a full wardrobe of products, including children's apparel, bath items, furniture, gifts, jewelry, linens, and shoes. Sister chains include a pair of higher-priced Cohoes Fashions shops, a pair of Super Baby Depot stores, and about ten MJM Designer Shoe stores. Burlington was founded in 1972.

Operations

Almost all Burlington's sales are rung up at its Burlington Coat Factory Warehouse stores. Women's ready-to-wear apparel and accessories and footwear are its biggest earner at a quarter of sales, which both account for more than 20%, followed by menswear (around 20%), youth and baby apparel (more than 15%), home (approximately15%), and coats (some 5%).

As its name suggests, Super Baby Depot's two stores sell baby clothing, accessories, furniture, and everything else a baby might need in the middle to higher price range. The company's MJM Designer Shoe sells brand names at significant discounts. Cohoes Fashions offers products similar to those offered by the mainline stores.

Geographic Reach

New Jersey-based Burlington has stores in about 45 states and Puerto Rico. Its almost five primary distribution centers, which ship almost all its merchandise, are located in Edgewater Park and Burlington, New Jersey, and San Bernardino and Redlands, California. Nearly three warehouses support its distribution centers.

Sales and Marketing

Burlington Coat Factory takes less of a markup than its department store competition and has lower profit margins than other clothing retailers. It buys the coats early in the season (up to five months before department stores) to lock in lower prices.

The company's marketing channels include TV, direct mail, email, digital and social marketing, radio, and out-of-home communications.

Burlington's advertising costs were $74.6 million, $77.1 million and $82.3 million during the fiscal years 2019, 2018 and 2017, respectively.

Financial Performance

Burlington Stores has recorded increasing revenue and profits over the last five years.

In fiscal 2020 (ended February 1) the company's sales grew 9% to $7.3 billion. Comparable store sales increased 3%.

Burlington earned net income of $465.1 million in fiscal 2020, compared with $414.7 million the year prior which is an increase of $50.4 million.

Burlington's cash on hand rose $275.5 million during fiscal 2020, ending the year at $409.7 million. The company's operations generated $891.7 million, offset by the $324.6 million used in its investing activities and $291.6 million used in its financing. Burlington's main cash uses in 2020 were capital expenditures (such as store openings) and principal payments on long term debt.

Strategy

Burlington continues to explore expansion opportunities both within its current market areas and in other regions. The company believes that its ability to find satisfactory locations for its stores is essential for the continued growth of its business. The opening of stores generally is contingent upon a number of factors, including the availability of desirable locations with suitable structures and the negotiation of acceptable lease terms.

Burlington's growth largely depends on its ability to successfully open and operate new stores, as well as to expand its distribution capabilities in order to support that growth. The company intends to open 54 net new stores in 2020, while refreshing, remodeling or relocating a portion of its existing store base annually.

Burlington Stores, Inc.

1830 N Route 130
Burlington, NJ 08016-3017
Phone: 1 (609) 387-7800

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: BURL
Stock Exchange: , NYSE
CFO and Principal: Marc D. Katz
Chairman, President and CEO: Thomas A. Kingsbury
Chief Merchandising Officer and Principal: Jennifer Vecchio
Employees (This Location): 120
Employees (All Locations): 47,000

Major Office Locations

Burlington, NJ

Other Locations

Anchorage, AK
Dothan, AL
Huntsville, AL
Irondale, AL
Mobile, AL
Montgomery, AL
Vestavia Hills, AL
Fort Smith, AR
Jonesboro, AR
North Little Rock, AR
Rogers, AR
Chandler, AZ
Goodyear, AZ
Mesa, AZ
Phoenix, AZ
Tempe, AZ
Tucson, AZ
Alhambra, CA
Apple Valley, CA
Canoga Park, CA
Cerritos, CA
Chula Vista, CA
Citrus Heights, CA
City Of Industry, CA
Compton, CA
Concord, CA
Corona, CA
Dublin, CA
El Centro, CA
Elk Grove, CA
Fresno, CA
Fullerton, CA
Garden Grove, CA
Gilroy, CA
Inglewood, CA
La Mesa, CA
Manteca, CA
Milpitas, CA
Mission Viejo, CA
Modesto, CA
Moreno Valley, CA
Murrieta, CA
Newark, CA
Palm Springs, CA
Pinole, CA
Pittsburg, CA
Riverside, CA
Sacramento, CA
San Diego, CA
Santa Ana, CA
Thousand Oaks, CA
Torrance, CA
Vacaville, CA
Ventura, CA
Vista, CA
West Covina, CA
Whittier, CA
Woodland, CA
Aurora, CO
Colorado Springs, CO
Lakewood, CO
Westminster, CO
Bloomfield, CT
Farmington, CT
Meriden, CT
Orange, CT
Stamford, CT
Waterbury, CT
Claymont, DE
Dover, DE
Newark, DE
Boca Raton, FL
Boynton Beach, FL
Bradenton, FL
Brandon, FL
Coral Springs, FL
Cutler Bay, FL
Davie, FL
Daytona Beach, FL
Fort Myers, FL
Hallandale Beach, FL
Hollywood, FL
Jacksonville, FL
Lake Park, FL
Lauderdale Lakes, FL
Miami, FL
Naples, FL
Ocala, FL
Orlando, FL
Pensacola, FL
Port Richey, FL
Royal Palm Beach, FL
Sanford, FL
Sarasota, FL
Seminole, FL
Tallahassee, FL
Tampa, FL
West Palm Beach, FL
Atlanta, GA
Augusta, GA
Austell, GA
Buford, GA
Columbus, GA
Conyers, GA
Decatur, GA
Doraville, GA
Douglasville, GA
Kennesaw, GA
Lawrenceville, GA
Lilburn, GA
Lithonia, GA
Macon, GA
Marietta, GA
Savannah, GA
Bettendorf, IA
Cedar Rapids, IA
Nampa, ID
Bloomingdale, IL
Bolingbrook, IL
Chicago, IL
Crestwood, IL
Crystal Lake, IL
Danville, IL
Elgin, IL
Glenview, IL
Harwood Heights, IL
Hoffman Estates, IL
Joliet, IL
Machesney Park, IL
Matteson, IL
Melrose Park, IL
Mundelein, IL
Naperville, IL
Oswego, IL
Peoria, IL
Riverside, IL
Rockford, IL
Skokie, IL
Tinley Park, IL
Villa Park, IL
Clarksville, IN
Evansville, IN
Fort Wayne, IN
Indianapolis, IN
Merrillville, IN
Mishawaka, IN
Plainfield, IN
Terre Haute, IN
Olathe, KS
Overland Park, KS
Shawnee Mission, KS
Wichita, KS
Covington, KY
Florence, KY
Lexington, KY
Louisville, KY
Alexandria, LA
Baton Rouge, LA
Harvey, LA
Kenner, LA
Lafayette, LA
Monroe, LA
Shreveport, LA
Billerica, MA
Bridgewater, MA
Fall River, MA
Haverhill, MA
Leominster, MA
Natick, MA
Peabody, MA
Revere, MA
Somerville, MA
Springfield, MA
Westborough, MA
Worcester, MA
Annapolis, MD
Baltimore, MD
Gaithersburg, MD
Glen Burnie, MD
Hanover, MD
Silver Spring, MD
Temple Hills, MD
Bangor, ME
Auburn Hills, MI
Benton Harbor, MI
Flint, MI
Grand Rapids, MI
Harper Woods, MI
Portage, MI
Redford, MI
Roseville, MI
Warren, MI
Westland, MI
Minneapolis, MN
Roseville, MN
Saint Cloud, MN
Saint Paul, MN
Grandview, MO
Hazelwood, MO
Independence, MO
Saint Louis, MO
Saint Peters, MO
Jackson, MS
Southaven, MS
Burlington, NC
Cary, NC
Charlotte, NC
Concord, NC
Durham, NC
Fayetteville, NC
Jacksonville, NC
Pineville, NC
Winston Salem, NC
Winterville, NC
Fargo, ND
Omaha, NE
Concord, NH
Nashua, NH
Beverly, NJ
Blackwood, NJ
Brick, NJ
Burlington, NJ
Charleston, NJ
East Windsor, NJ
Egg Harbor Township, NJ
Elizabeth, NJ
Freehold, NJ
Linden, NJ
Marlton, NJ
North Bergen, NJ
Ocean, NJ
Pine Brook, NJ
Sandy, NJ
Secaucus, NJ
South Plainfield, NJ
Trenton, NJ
Vineland, NJ
Warren, NJ
Wayne, NJ
Woodbridge, NJ
Albuquerque, NM
Carson City, NV
Henderson, NV
Las Vegas, NV
Reno, NV
Albany, NY
Bronx, NY
Brooklyn, NY
Buffalo, NY
East Meadow, NY
Garden City, NY
Glen Oaks, NY
Horseheads, NY
Johnson City, NY
Kingston, NY
Lake Grove, NY
Middletown, NY
New York, NY
Niagara Falls, NY
Poughkeepsie, NY
Rego Park, NY
Staten Island, NY
Syracuse, NY
Utica, NY
Valley Stream, NY
Watertown, NY
Webster, NY
West Nyack, NY
White Plains, NY
Canton, OH
Cincinnati, OH
Columbus, OH
Cuyahoga Falls, OH
Dayton, OH
Euclid, OH
Macedonia, OH
Ontario, OH
Oklahoma City, OK
Tulsa, OK
Portland, OR
Salem, OR
Easton, PA
Erie, PA
Greensburg, PA
Jenkintown, PA
Muncy, PA
Philadelphia, PA
Pittsburgh, PA
Reading, PA
Uniontown, PA
West Mifflin, PA
York, PA
Caguas, PR
Cranston, RI
Johnston, RI
Warwick, RI
Columbia, SC
Spartanburg, SC
Sioux Falls, SD
Kingsport, TN
Memphis, TN
Amarillo, TX
Arlington, TX
Austin, TX
Baytown, TX
Brownsville, TX
Cedar Hill, TX
Conroe, TX
Corpus Christi, TX
Dallas, TX
Edinburg, TX
El Paso, TX
Fort Worth, TX
Grapevine, TX
Harlingen, TX
Houston, TX
Irving, TX
Longview, TX
Lubbock, TX
Mcallen, TX
Mesquite, TX
New Braunfels, TX
North Richland Hills, TX
Odessa, TX
Pasadena, TX
Pearland, TX
Plano, TX
Richardson, TX
San Antonio, TX
Sherman, TX
Spring, TX
Tyler, TX
Waco, TX
Webster, TX
Wichita Falls, TX
West Jordan, UT
West Valley City, UT
Chesapeake, VA
Colonial Heights, VA
Fairfax, VA
Falls Church, VA
Glen Allen, VA
Lynchburg, VA
Newport News, VA
North Chesterfield, VA
Roanoke, VA
Burlington, VT
Auburn, WA
Kennewick, WA
Lacey, WA
Lakewood, WA
Spokane, WA
Tukwila, WA
Madison, WI
Milwaukee, WI