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Burlington Stores, Inc.

  • American Apparel gets nod to shutter nine stores

    American Apparel’s financial saga is winding down.  

  • Fitch Ratings: U.S. retail sales to grow 3% to 4% in 2017

    Retailers and restaurants in the United States won’t get any relief in 2017 in the battle to win customers.    That’s according to Fitch Ratings' Outlook report, which says that retailers will continue to face a competitive environment in 2017 as they navigate changing customer preferences.  

  • Macerich opens big-box addition to Long Island mall

    Macerich spent the weekend celebrating the opening of Green Acre Commons, an open-air congregation of big-box retailers adjoining its Green Acres Mall in Valley Stream, New York.   A fixture in the retail scene on the Queens-Nassau County border, the 1.8 million-sq.-ft. mall has served the area for more than 50 years with tenants such as Macy’s, J.C. Penney, Century 21, Express, and American Eagle. Last year, Macerich redeveloped and re-merchandised the south side of the property, creating a new entrance for Old Navy and H&M.

  • Shopko loses executive VP of retail

    Shopko Stores confirmed Monday that executive VP of retail at Andre Persaud has left the company.

  • Moody’s: This retail sector is on fire — even in physical space

    The off-price retailer sector will continue to build momentum and outperform the apparel retail segment during the next five years.   That’s according to a new report, "Off-Price Retailers Continue to Build Momentum on Value Appeal,” by Moody's Investors Service. Off-price retailers are anticipated to experience apparel revenue growth of 6% - 8%, outperforming the broader apparel segment by a collective 4% in the timeframe.  

  • Burlington Stores sees Q2 heating up

    Burlington Stores Inc. is upping its guidance for several key fiscal metrics in the second quarter of fiscal 2016.   The retailer now expects second quarter adjusted net income per share to total $0.28 to $.30, up from a previously announced range of $0.20-$0.23 per share and compared to $0.19 in the same period the previous year. Burlington Stores also currently anticipates adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the range of $88 to $90 million, compared to the prior year figure of $75.4 million.

  • Burlington Stores keeps hot streak going

    Burlington Stores attracted large numbers of shoppers over the holiday season, as the off-price retailer reported a jump in sales and profit for the fourth quarter.

    For the fourth quarter ended Jan. 30, the company said adjusted net income per share rose 26% to $2.31 vs. $1.83 in the prior year quarter.Revenue increased 3.5% to $1.55 billion. Same-store sales increased 2.1%.

  • Burlington board adds Bright Horizons exec

    Off-price retailer Burlington Stores named the former president and COO of Bright Horizons Family Solutions as the newest member of its nine-person board.

    Mary Ann Tocio, former president and COO at Bright Horizons, joins the Burlington board following a 23 year career at the child care company. She retired in July 2015.

  • Burlington Stores bucks weak sales trend

    The CEO of Burlington Stores Inc. says the off-price retailer is poised for more growth after reporting an increase in earnings and same store sales for the third quarter.

  • A retail holiday hiring scorecard

    Before retailers compete for holiday sales they are competing for seasonal talent that will have a big impact on their performance. Here’s a look at whose hiring season help and how many positions are being filled.

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