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Discounters show strength in February
NEW YORK — In a month that was solid overall, the discount sector showed its muscle, turning in a strong February same-store sales performance nearly across the board.
After suggesting last week that sales had accelerated and returned to a pre-holiday pace, Target reported Thursday that same-store sales for the month rose 7%, beating Wall Street’s expected 5.2%. Total sales during the period rose 8% to $5.13 billion, boosted by strength in the food, healthcare and beauty categories. Accessories and apparel performed above average as well.
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Burlington Coat Factory to open at Woodbridge Crossing
Woodbridge, N.J. -- SRS Real Estate Partners said that Burlington Coat Factory has leased 78,303 sq. ft. at Woodbridge Crossing Shopping Center in Woodbridge, N.J.
Burlington Coat Factory, scheduled to open later this year, will be occupying the former The Great Indoors, which closed several years ago.