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Study: Cost reduction a top priority of retailers
Retailers are focused on getting leaner. That’s according to a new study by Accenture, in which 88% of retailers said they were focused on cost reduction to free up funds necessary to reinvest in growth initiatives. As for where they are those cost savings, the top three areas were expanding into new geographies (cited by 60%), digital technologies (54%) and enhancing customer experiences (52%). -
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.

