The company announced it will continue its expansion this year with an investment of $310 million.
During the first quarter of the year, new and non-comparable stores added $121 million in sales. The company saw strong earnings, with sales increasing 7.4 percent and comparable store sales jumping 0.1 percent.
Burlington opening 50 new stores in continued expansion https://t.co/38snUBs9w2
— Dayton.com (@daytondotcom) June 12, 2019
For the full year, Burlington expects total sales to increase between 8.5 and 9.2 percent and comparable store sales to increase 2 to 3 percent.
Burlington is one of several discount retailers that have continued to do well as other retailers struggle.
In Other News
1
Hawks rally for a 108-100 victory over the Knicks and a trip to the NBA...
2
Papua New Guinea gains a team in Australian rugby league in diplomatic...
3
Fire danger diminishes in Southern California even as crews continue to...
4
Woody Allen and Soon-Yi Previn are sued by the personal chef they fired
5
Supporters of Bangladesh Nationalist Party hold protest march as...
About the Author