Executive Salary
avg.$130,527
Burlington Stores
Retail (all)
Burlington, CO, United States
Description
Burlington Stores, Inc., founded in 1972, is a publicly traded off-price retailer headquartered in Burlington, New Jersey. The company operates in the retail industry, offering a wide range of apparel and home products primarily to consumers across the United States. With a workforce of approximately 71,000 employees, Burlington Stores reported annual revenues of about $10.6 billion. As a major player in the retail sector, Burlington caters to individual consumers through its extensive network of stores, providing discounted brand-name merchandise. The company’s business model focuses on delivering value through a broad assortment of products at lower prices, operating over a thousand store locations nationwide.
Experteer Insights
Experteer Briefing
Company Trajectory
Burlington Stores, Inc., headquartered in Burlington, New Jersey, United States, was founded in 1972 as an off-price retailer specializing in coats and outerwear. Over the years, the company expanded its offerings beyond outerwear to include a wide range of apparel and home products. Strategic pivots, including market expansions, rebranding, and product diversification, have allowed Burlington to establish itself as a major player in the American off-price retail sector. The company continues to adapt and evolve its market strategy to capture new consumer segments, leveraging its long-standing presence and experience in value retailing.
Financial Setup
Burlington Stores, Inc. is a publicly traded company with approximately 71,000 employees. Primarily targeting the B2C market, Burlington has grown its revenue base year over year by expanding its retail footprint and diversifying its product range. The company's financial structure has evolved in response to market dynamics, with a focus on maintaining profitability through cost control and efficient supply chain management. Burlington’s status as a prominent off-price retailer has positioned it for continued financial stability in a competitive retail environment.
Development & Outlook
In recent years, Burlington has broadened its product lines to include women's ready-to-wear apparel, menswear, youth apparel, baby products, beauty items, footwear, accessories, home furnishings, toys, gifts, and its signature coats. This diversification is designed to capture evolving consumer tastes and drive store traffic. Burlington has also undertaken social initiatives, forming partnerships with organizations such as The Leukemia and Lymphoma Society and Delivering Good Inc. The company's future direction centers on expanding its national footprint, further diversifying its merchandise, and reinforcing its commitment to social responsibility and community engagement.
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