Comparative store sales down at Burlington Coat Factory

17 Jan '08

3 min read

Net Loss amounted to $27.2 million for the six month period ended December 1, 2007 compared with a net loss of $40.1 million for the comparative period of last year. The decrease in net loss of $12.9 million is due primarily to improved markup on new purchases and decreases in depreciation expense, selling and administrative expense and interest expense, offset in part by lower other revenue income and an increase in impairment charges for the six month period ended December 1, 2007.

During the first six months of fiscal 2008, the Company opened fifteen Burlington Coat Factory Stores and relocated three Burlington Coat Factory Stores to locations within the same trading market.

As of December 1, 2007, the Company operated 394 stores under the names "Burlington Coat Factory Warehouse" (“BCF”) (374 stores), "Cohoes Fashions"(2 stores), "MJM Designer Shoes" (17 stores), and "Super Baby Depot" (1 store). The Company plans to open five Burlington Coat Factory Warehouse Stores during the remainder of fiscal 2008.

Burlington Coat Factory Investments Holdings Inc

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