| Market Capitalization (Millions $) |
17,019 |
| Shares
Outstanding (Millions) |
64 |
| Employees |
83,309 |
| Revenues (TTM) (Millions $) |
11,919 |
| Net Income (TTM) (Millions $) |
624 |
| Cash Flow (TTM) (Millions $) |
376 |
| Capital Exp. (TTM) (Millions $) |
939 |
Business Description
Burlington Stores Inc. is a leading national retailer of off-price branded merchandise with its headquarters located in Burlington, New Jersey. The company operates more than 750 stores in 45 states and Puerto Rico, offering a broad range of high-quality, branded apparel, footwear, and accessories for men, women, and children at a discounted price.
The history of the company dates back to 1924 when it began as a small wholesale operation that sold ladies' coats and junior suits. The company's founder, Monroe Milstein, opened his first store in 1972 in Burlington Township, New Jersey. The company went public in 2013 and is currently listed on the New York Stock Exchange under the ticker symbol BURL.
Burlington Stores is known for its eoff-pricee model, which means that it purchases excess inventory from other retailers and offers these items to its customers at a discount. The company's off-price buying model allows it to offer popular brand-name merchandise to consumers at lower prices than traditional retailers, making it a popular destination for cost-conscious shoppers seeking designer apparel without breaking the bank.
The company's stores are typically located in convenient, high-traffic outdoor shopping centers or malls, and the Burlington brand is highly recognizable for its signature red logo. The company's stores are known for being well-organized and well-stocked with plenty of exciting, high-end merchandise to explore.
Burlington Stores' product offerings are diverse and span a wide range of categories, including apparel, footwear, home d'cor, and accessories. Some of the most popular branded merchandise carried by Burlington Stores include Michael Kors, Calvin Klein, Levi's, Adidas, and Ralph Lauren.
The company differentiates itself from its competitors by offering significant discounts on its products, usually ranging from 20% to 60% below department store prices. Its etreasure hunte experience, where customers can find unique items at lower prices than they would find elsewhere, has helped to make the company a popular destination for bargain-conscious shoppers.
In addition to its core products, Burlington Stores offers its customers a wide range of complementary services, such as online shopping with free in-store pickup, gift cards, and a 'Baby Depot' section dedicated to baby clothing and gear.
Burlington Stores has been recognized for its efforts in sustainability, giving back to the community, and creating a positive work culture. In 2020, the company was named to the Fortune 500 list and recognized by Forbes as one of the best employers for diversity, based on inclusion policies and practices.
Overall, Burlington Stores Inc. has built a reputation for attracting value-conscious consumers seeking high-quality merchandise at discounted prices. Through a strategic approach of offering popular brands at off-price points, providing excellent customer service, and actively supporting social and environmental causes, the company has become a competitive force in the retail industry.
Company Address: 2006 Route 130 North Burlington 8016 NJ
Company Phone Number: 387-7800 Stock Exchange / Ticker: NYSE BURL
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5.87% 