Burlington Stores, formerly Burlington Coat Factory, will open 50 new stores this year.
The company announced it will continue its expansion this year with an investment of $310 million.
During the first quarter of the year, new and non-comparable stores added $121 million in sales. The company saw strong earnings, with sales increasing 7.4 percent and comparable store sales jumping 0.1 percent.
Burlington opening 50 new stores in continued expansion https://t.co/38snUBs9w2— Dayton.com (@daytondotcom) June 12, 2019
For the full year, Burlington expects total sales to increase between 8.5 and 9.2 percent and comparable store sales to increase 2 to 3 percent.
Burlington is one of several discount retailers that have continued to do well as other retailers struggle.
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