US: Burlington Coat Factory books US$11.1m Q1 profit
- Q1 adjusted net profit $11.1m, up from $0.8m
- Net sales up 8.4% to $1.065bn
- Comparable store sales up 3.4%
Retailer Burlington Coat Factory recorded a strong improvement to its first quarter profit, boosted by a near-double-digit sales increase and a 3.4% comparable store sales rise.
The company also said that gross margins had improved in the three-month period ended 4 May.
President and CEO Tom Kingsbury said he was “very pleased” with the result and added: “We continue to stay focused on delivering more fresh values to our customers on a daily basis.”
Private eqiuity firm Advent International has declined to comment on reports its fashion chain, Charlotte Russe, is in talks about a potential initial public offering (IPO)....
US retailer Burlington Stores has said it expects to raise US$205m from an initial public offering (IPO) of 13.3m shares of its common stock at $17.00 per share....
- MYANMAR SNAPSHOT: Textile and apparel industry
- Alliance members buy more products from Bangladesh
- Clothing seen as central focus for new Tesco CEO
- Indian apparel exporters discuss policy changes
- Change management key to PLM project success
- Crystal Group improves worker communication
- TIMELINE: Charney ousting from American Apparel
- Columbia Sportswear fined for mislabelled clothing
- “Made in USA” company rapped for deceptive claims
- VF Corp books "solid" Q2 performance
- Global market review of denim and jeanswear – forecasts to 2020
- Management briefing: Sourcing shifts: Changes and challenges
- Ethiopia – the emerging textile and clothing industry
- American Eagle Outfitters, Inc. : Reacting to a need for change
- Plunkett's Apparel & Textiles Industry Almanac 2014: Apparel & Textiles Industry Market Research, Statistics, Trends & Leading Companies