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....
- VF Corp confirms interest in Africa sourcing
- Euro decline weighs on Turkish clothing industry
- G-Star RAW pushes the boundaries of denim
- Will Amazon take over the US apparel market?
- US groups seek workable apparel provisions in TPP
- Metallised thread for "revolutionary" RFID tag
- Manufacturing in China falls to 15-month low
- VF Corp ups guidance on "strong" Q2
- Eliminating risk tops sustainability agenda
- Millennials "changing the game" for hosiery
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019
- Global market review of denim and jeanswear – forecasts to 2020