• Fourth quarter same-store sales increased 1.2%
  • Total Sales during Fiscal 2010 increased 4.2%
  • FY net Income of $31.0m, from a loss of $15.2m in the prior year

US clothing retailer Burlington Coat Factory has swung into profit for the 2010 fiscal year, saying it has focused on merchandise content.

Net sales increased 4.2% to $3.7bn during Fiscal 2010, the company said, compared with $3.5bn for the 52 weeks ended 30 January 2010. Same-store sales decreased 0.2%.

Tom Kingsbury, president and chief executive officer of Burlington Coat Factory, said: “We were very pleased with our 10.2% increase in Adjusted EBITDA during the year which was driven by our 4.2% overall sales growth.

"We believe the progress that we are making on our top three priorities; merchandise content, the store experience and receipt management, in addition to the outstanding support we are receiving from the vendor community, has us well positioned for 2011.”

The company now operates 462 stores under the banners “Burlington Coat Factory Warehouse”, “MJM Designer Shoes”, and “Cohoes Fashions” (two stores) in the US.

Click here to view the company's financial results in full.