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Burlington opening 50 new stores in continued expansion, bucking latest retail trend

Published: Wednesday, June 12, 2019 @ 11:53 PM

Burlington is bucking the retail trend encompassing struggling brick and mortars. The discount retailer is expanding as profits grow.
Greg Lynch, Dayton Daily News
Burlington is bucking the retail trend encompassing struggling brick and mortars. The discount retailer is expanding as profits grow.(Greg Lynch, Dayton Daily News)

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

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The company announced it will continue its expansion this year with an investment of $310 million. 

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During the first quarter of the 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, Burlington expects total sales to increase between 8.5 and 9.2 percent and comparable store sales to increase 2 to 3 percent.

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