Burlington Coat Factory Making Progress

BURLINGTON, N.J. - Burlington Coat Factory reported its consecutive year of growth for EBITDA (earnings before interest, tax, depreciation and amortization.
     For the fiscal year ended Feb. 2, adjusted EBITDA rose 0.6% to $352.1 million.
     Sales for the 53-week fiscal year climbed 7.2% to $4.1 billion. Comps, on a 52-week comparative bases, increased 1.2%.
     Home was not among the categories executives identified as top performers during the fourth quarter, which was impacted by Super storm Sandy. The storm knocked 130 Burlington Coat Factory Stores off line for some period of time.
During the year, the retailer opened 25 new stores and closed two. Total store count at yearend was 500 units - which includes Burlington's online operation. The company remains on course to open 20 to 25 stores each year.
     New stores are now titled "Burlington," but the company does not plan to change the signage on stores that carry the coat factory name.

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HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

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