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Published: Wednesday, June 12, 2019 @ 9:30 AM
By: Holly Shively - Staff Writer
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.
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.
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