Burlington Stores Stock

Burlington Stores, Inc. operates as a retailer of branded merchandise.

The company has diversified its product categories by offering an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers’ prices, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. The company sells a broad selection of desirable, first-quality, current-brand, labeled merchandise acquired directly from nationally recognized manufacturers and other suppliers.

The company continues to explore expansion opportunities both within the company’s market areas and in other regions.

Stores

Over 99% of the company’s net sales are derived from stores the company operates as Burlington Stores. Burlington Stores offer customers a complete line of merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. The company’s broad selection provides a wide range of apparel, accessories and furnishings for all ages.

Distribution and Warehousing

The company has five distribution centers that shipped more than 99% of merchandise units to the company’s stores in the year ended January 28, 2023 (Fiscal 2022). The remaining merchandise units are drop shipped by the company’s vendors directly to its stores. The company’s two east coast distribution centers are located in Edgewater Park, New Jersey and Burlington, New Jersey. The company’s three west coast distribution centers are located in San Bernardino, California, Redlands, California, and Riverside, California. These five distribution centers occupy an aggregate of 4,106,000 square feet, and each includes processing, shipping and storage capabilities.

The company also operates warehousing facilities to support its distribution centers. The east coast has three supporting warehouses located in Burlington, New Jersey. The west coast has three supporting warehouses, located in Redlands, California, Riverside, California, and San Bernardino, California. The company entered into a lease for the Riverside, California warehousing facility during Fiscal 2022, and the building is expected to become operational during the year ending February 3, 2024 (Fiscal 2023). These six warehousing facilities occupy an aggregate of 2,591,000 square feet and primarily serve as storage facilities.

In addition to the distribution centers that the company operates, it has arrangements with third parties for the use of pool point facilities, which streamline and optimize the company’s distribution network.

Customer Demographic

The company’s core customer is 25-49 years old, has an average annual household income of $25,000-$100,000, and is more ethnically diverse than the general population. The core customer is educated, resides in mid- to large-sized metropolitan areas and shops for themselves, their family, and their home.

Seasonality

The company’s business, like that of most retailers, is subject to seasonal influences. In the second half of the year, which includes the back-to-school and holiday seasons, the company generally realizes a higher level of sales and net income. Weather is also a contributing factor to the sale of the company’s merchandise. Generally, the company’s sales are higher if the weather is cold during the Fall and warm during the early Spring. Sales of cold weather clothing are increased by early cold weather during the Fall, while sales of warm weather clothing are improved by early warm weather conditions in the Spring.

Trademarks

The company is the owner of certain registered and common law trademarks, service marks and tradenames (collectively referred to as the Marks) that the company uses in connection with its business. The company’s Marks include, but are not limited to, ‘Burlington Stores,’ ‘BCF,’ ‘Burlington,’ ‘Burlington Coat Factory,’ ‘Cohoes,’ ‘B’, and ‘Baby Depot’.

History

Burlington Stores, Inc. was founded in 1972. The company was incorporated in 2013.