At a time when bankruptcies, store closures, and declining sales seem to be the norm, one retailer is bucking the trend with major grand openings. Burlington Stores Inc. plans to open 60 new locations this fall, part of a long-term strategy aimed at increasing market share. Burlington CEO Michael O’Sullivan shared his excitement for the future in a news release discussing the company’s 2nd-quarter earnings.
“We are pleased with our exceptional performance in the second quarter. Comparable store sales increased 5%, which was on top of 5% comparable store sales growth in the second quarter of last year. We also saw very strong margin and earnings performance,” Burlington CEO Michael O’Sullivan said. “Adjusted EBIT Margin increased 120 basis points, while Adjusted EPS grew 39% versus the second quarter of last year. This was a high-quality earnings beat driven by ahead of plan sales, higher merchandise margin, lower freight expense, and leverage on SG&A expenses.”
Burlington Has Big Plans For Fall
Burlington will open 60 new locations in 26 states this fall. The CEO sees nothing but a bright future for Burlington stores.
“We see a clear link between our very strong second quarter sales and earnings results and the key Burlington 2.0 strategies. We are excited because these initiatives are in the early stages of their potential impact, which we believe will grow over time and will drive our longer-term performance,” he explained.
New Burlington Stores Coming Soon
Arizona
- Phoenix, 7333 W Thomas Road
- Phoenix, 4255 W Thunderbird Road
California
- North Highlands, 3615 Elkhorn Boulevard
- City of Industry, 21640 Valley Boulevard
- Fresno, 4895 E Cesar Chavez Boulevard
- Merced, 3138 R Street
- Visalia, 720 W. Riggin Avenue
- Colton, 1080 S. Mount Vernon Avenue
- Montclair, 5200 Moreno Street
- Lancaster, 1070 W Avenue K
Connecticut
- East Haven, 78 Frontage Road
- North Haven, 380 Universal Drive N
Florida
- Tampa, 13123 N Dale Mabry Highway
- Orlando, 7873 S Orange Blossom Trail
- Coconut Creek, 4847 Coconut Creek Parkway
Georgia
- Fort Oglethorpe, 2625 Battlefield Parkway
- Atlanta, 3303 Buford Highway NE
- Lawrenceville, 860 Duluth Highway, Suite 110
- Dalton, 1335 W Walnut Avenue
Idaho
- Idaho Falls, 3011 S 25th Street East
Illinois
- Algonquin, 175 Randall Road
- Chicago, 7507 N Clark Street
- Chicago, 2554 N Narragansett Avenue
Kentucky
- Louisville, 6801 Dixie Highway
Louisiana
- Baton Rouge, 10505 S Mall Drive
- New Orleans, 500 Port of New Orleans Place, Suite 128 and 124
Maine
- Bangor, 6 Bangor Mall Boulevard
Maryland
- Parkville, 1959 E Joppa Road
Massachusetts
- Revere, 151 VFW Parkway, Suite 50
Michigan
- Grandville, 4655 Canal Avenue SW
- Ypsilanti, 3150 Carpenter Road
- Livonia, 13477 Middlebelt
Minnesota
- St. Paul, 2089 Old Hudson Road
Missouri
- Wentzville, 1927 Wentzville Parkway
Nevada
- Las Vegas, 5055 W Sahara Avenue
- Reno, 1901 Silverada Boulevard
New Jersey
- North Bergen, 3129 John F. Kennedy Boulevard Space
New Mexico
- Albuquerque, 9500 Montgomery Boulevard NE, Suite A
New York
- Irondequoit, 2255 East Ridge Road
- Rego Park, 61-35 Junction Boulevard, Suite A302
- Bay Shore, 1851 Sunrise Highway
North Carolina
Ohio
- Warrensville Heights, 4063 Richmond Road
Pennsylvania
- Warrington, 1015 N Main Street Space 1015
- Glenolden, 20 N MacDade Boulevard
- Allentown, 3300 Lehigh Street
Puerto Rico
- Los Colobos II Carretera 3 KM 14.1, Carolina
- Juncos, 1 State Road 31
- Mayaguez, 975 Eugenio María de Hostos Avenue, Suite 114
South Carolina
- Columbia, 6880 Garners Ferry Road
Tennessee
- Kingsport, 2626 East Stone Drive, Unit 170
- Antioch, 5305 Hickory Hollow Parkway
Texas
- Laredo, 2420 Bob Bullock Loop
- Houston, 4743 Highway 6 N
- Houston, 8210 Kirby Drive
- McAllen, 3300 W Expressway 83, Unit 200
- Arlington, 5781 SW Green Oaks Boulevard
- Brownsville, 1601 E Price Road
- Lake Jackson, 125 Highway 332 W
Washington
- Puyallup, 120 31st Avenue SE
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This story’s featured image is by Alexi Rosenfeld/Getty Images.
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