Burlington Coat Factory makes progress
Brent Felgner -- Home Textiles Today, September 13, 2013
Burlington, NJ - A strong same-store sales performance during the second quarter helped narrow the net loss for Burlington Coat Factory during the period.
Net loss for the quarter ended Aug. 3 was $19.5 compared to a net loss of $31.3 million in the comparative period. Sales rose 11.5% to $963.7 million, with comps up 7.8%.
Year-to-date, net loss fell to $20.2 million compared to $35.2 million in the year-ago period. Sales increased 9.9% to $2.0 billion, with comps up 5.5%.
Mednick Talks to HTT about Online Trends for Textiles