Burlington news and archive

Burlington's off-price model fuels sales growth

Burlington Stores reported a 5 percent increase in fourth-quarter sales to 3.3 billion dollars, driven by a 6 percent rise in comparable store sales, reflecting strong demand for its off-price model. The company’s net income grew to 267 million dollars or 4.13 dollars per share, while EBITDA increased to 456 million dollars and EBIT to 364...

Retail

High levels of lead found in accessories sold at off-price retailers

A new report has found high levels of lead in leather and faux leather fashion accessories, including handbags, wallets, shoes, and belts sold at off-price retailers Ross and Burlington. The report, published by nonprofit watchdog the Center for Environmental Health (CEH), traces 13 years of systemic toxic levels found in products sold at Ross...