Home / Knowledge / News / Apparel/Garments / Average inventory per store down by 12% at Burlington Coat
Average inventory per store down by 12% at Burlington Coat
19
Jan '10
Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries, a nationwide retailer based in Burlington, New Jersey, announced its results for the second quarter ended November 28, 2009.

Second Quarter Fiscal 2010 Operating Results

Net sales were $965.0 million for the three months ended November 28, 2009 compared with $1,002.4 million for the three months ended November 29, 2008, a 3.7% decrease. Comparative store sales decreased 5.2%.

Adjusted EBITDA was $111.5 million for the three months ended November 28, 2009 compared with $110.2 million for the three months ended November 29, 2008. The increase in the Company's Adjusted EBITDA of $1.3 million is primarily the result of continued cost reduction initiatives.

Year to Date Fiscal 2010 Operating Results

Net sales were $1,669.7 million for the six months ended November 28, 2009 compared with $1,709.4 million for the six months ended November 29, 2008, a 2.3% decrease. Comparative store sales decreased 5.9%.

Adjusted EBITDA was $133.5 million for the six months ended November 28, 2009 compared with $126.7 million for the six months ended November 29, 2008. The increase in the Company's Adjusted EBITDA of $6.8 million is primarily the result of continued cost reduction initiatives.

Tom Kingsbury, President and Chief Executive Officer stated, “We are pleased to report an increase in Adjusted EBITDA versus last year despite the unseasonably warm weather in November which negatively impacted overall sales. In addition to our continued emphasis on expense control, focused inventory management has allowed us to reduce our average inventory per store by 12% while simultaneously improving both the currency and content. This has us well positioned for the future.”

As of January 12, 2010, the Company operates 442 stores under the names “Burlington Coat Factory Warehouse” (424 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


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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