Home / Knowledge / News / Apparel/Garments / Sales at Burlington Coat Factory up 4.4%
Sales at Burlington Coat Factory up 4.4%
05
Sep '09
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 fiscal year ended May 30, 2009.

Net sales were $3.54 billion for the 52 week period ended May 30, 2009 (Fiscal 2009) compared with $3.39 billion for the 52 week period ended May 31, 2008 (Fiscal 2008), a 4.4% increase. The increase in net sales resulted primarily from the opening of 36 net new stores in Fiscal 2009. Comparative store sales decreased 2.5%.

Adjusted EBITDA was $294.8 million for Fiscal 2009 compared with $272.0 million for Fiscal 2008. The increase in the Company's Adjusted EBITDA of $22.8 million was the result of cost reductions realized during the last two quarters of Fiscal 2009 and sales growth from new stores. During the third and fourth quarters of Fiscal 2009, the Company reduced its cost structure in excess of $70 million.

Tom Kingsbury, President and Chief Executive Officer stated, “We are extremely pleased with our 8.4% increase in Adjusted EBITDA given the macroeconomic environment that existed during this last year. Once again, I would like to thank the entire store and corporate team for contributing to this result. As we transition into Fiscal 2010, the ongoing success of our expense reduction and inventory management initiatives provides us with significant financial flexibility. For example, our available ABL borrowing capacity is at the highest level since the Bain acquisition.”

As of September 4, 2009, the Company operates 433 stores under the names “Burlington Coat Factory Warehouse” (415 stores),“MJM Designer Shoes” (fifteen stores), “Cohoes Fashions” (two stores), and “Super Baby Depot” (one store) in 44 states and Puerto Rico.

Burlington Coat Factory is a nationally recognized retailer of high-quality, branded apparel at everyday low prices.

Burlington Coat Factory

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
April 2017

April 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