Sales up at Burlington Coat Factory in Q3
BURLINGTON, N.J. — Burlington Coat Factory Warehouse reported that net sales for the third quarter ended Oct. 27 were $967.8 million compared with $898.7 million for the comparative period ended Oct. 29, 2011, a 7.7% increase. Comparative-store sales increased 2.1% for the quarter.
Tom Kingsbury, CEO, stated, “I am pleased with our 7.7% total sales increase and 2.1% comparative-store sales increase for the quarter. We continue to be very pleased with our inventory management which once again has resulted in reduced comparative store inventories, faster inventory turns and reduced aged goods. In addition, as we move into the all important fourth quarter we are excited about our liquidity and the level of fresh receipts that we are planning on delivering to our customers.”
As of Oct. 27, the Company operated 497 stores in 44 states and Puerto Rico, principally under the name “Burlington Coat Factory.”