breaking news

Burlington opening 50 new stores in continued expansion

Published: Wednesday, June 12, 2019 @ 9:30 AM


            Burlington has been expanding in recent months. GREG LYNCH / STAFF
Burlington has been expanding in recent months. GREG LYNCH / STAFF

Burlington Stores, formerly Burlington Coat Factory, will open 50 new stores this year.

The company, which recently opened a store in Huber Heights and closed a Trotwood location, will continue expansion this year with an investment of $310 million. There are plans to open a store in Beavercreek near the Mall at Fairfield Commons later this year as well.

During the first quarter of this year, new and non-comparable stores added $121 million in sales. The company saw strong earnings, with sales increasing 7.4 percent and comparable store sales jumping 0.1 percent.

Content Continues Below

»BIZ BEAT: Ross Dress For Less now hiring for upcoming area store

For the full year, Burling expects total sales to incraese between 8.5 and 9.2 percent and comparable store sales to increase 2 to 3 percent.

Burlington is one of several discount retailers that have continued to do well as other retail struggles.

FIVE FAST READS

Long-awaited Ross Dress for Less gearing up to hire for local store

Wendy’s brings back 50-cent frosty as summer approaches

Is Sears making a comeback in the Miami Valley?

Local Burger King restaurant closing at end of month