Burlington Coat Factory Warehouse Corporation announced that net sales from continuing operations for the fourth quarter ended May 30, 2009 were $811.5 million compared with $780.9 million for the comparative period ended May 31, 2008, a 3.9% increase. Comparative store sales decreased 3.1% for the period.
Net sales from continuing operations for the twelve months ended May 30, 2009 were $3.542 billion compared with $3.393 billion for the comparative period ended May 31, 2008, a 4.4% increase. These results reflect a 2.5% comparative store sales decrease for the year.
Tom Kingsbury, Chief Executive Officer, stated, “We are very pleased to continue to report a total sales and market share increase. In addition, the ongoing success of our cost reduction initiative has enabled us to end the year with a more current inventory position as we move into the 2010 fiscal year.”
During the twelve months ended May 30, 2009, the Company opened thirty–six net new Burlington Coat Factory stores. Two stores closed as a result of hurricane “Ike” were reopened during the fourth quarter of fiscal 2009.
As of May 30, 2009, the Company operated 433 stores in 44 states and Puerto Rico, principally under the name “Burlington Coat Factory”.
Burlington Coat Factory Warehouse Corporation
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