Burlington Coat Factory Comparative stores sales fall
16 Apr '08
3 min read
Net Loss amounted to $0.4 million for the nine month period ended March 1, 2008 compared with a net loss of $9.0 million for the nine month period ended March 3, 2007. The decrease in net loss of $8.6 million is due primarily to improved markup on purchases and decreases in depreciation expense, amortization expense and interest expense, and an increase in other income.
These improvements were partially offset by lower other revenue income and increases in selling and administrative expense and impairment charges for the nine month period ended March 1, 2008.
During the first nine months of fiscal 2008, the Company opened nineteen Burlington Coat Factory Stores, relocated three Burlington Coat Factory Stores to locations within the same trading market and closed two MJM Designer Shoe Stores.
The Company currently operates 397 stores under the names "Burlington Coat Factory Warehouse" (“BCF”) (379 stores), "Cohoes Fashions"(2 stores), "MJM Designer Shoes" (15 stores), and "Super Baby Depot" (1 store).
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