Home / Knowledge / News / Apparel/Garments / Burlington Coat's Comparative Store sales increase by 0.2%
Burlington Coat's Comparative Store sales increase by 0.2%
15
Oct '08
Burlington Coat Factory Investments Holdings Inc and its operating subsidiaries (the Company), a nationwide retailer based in Burlington, New Jersey, announced its results for the first quarter ended August 30, 2008.

The Company experienced an increase in net sales in the first quarter of Fiscal 2009. Net sales for the first quarter ended August 30, 2008 were $707.0 million, compared with $678.8 million for the comparative period ended September 1, 2007, a 4.2 % increase. This increase is primarily the result of the Company opening 33 new stores during the past twelve months and an increase in comparative store sales.

Comparative store sales increased 0.2% for the three months ended August 30, 2008 compared with the three months ended September 1, 2007.

The Company recorded a net loss of $32.5 million for the three months ended August 30, 2008 compared with a net loss of $50.4 million for the three months ended September 1, 2007.

The improvement in the Company's net loss position during the three months ended August 30, 2008 compared with the three months ended September 1, 2007 is primarily attributable to increased net sales and reduced cost of sales. Please refer to the Company's quarterly report on Form 10-Q for the quarter ended August 30, 2008 for further discussion of the Company's results.

Mark A. Nesci, Chief Executive Officer, stated, “We are pleased that the hard work and dedication of our employees has led to positive comparative store sales as well as a significant improvement in Adjusted EBITDA. This is a positive start to our fiscal year. We remain cautiously optimistic during these uncertain macro-economic times and realize that any progress will require the continued hard work and dedication from all areas of the business.”

Burlington Coat Factory


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search