Burlington Stores Inc

F:BUI

Business Description

Sector

Consumer Discretionary

Industry

Retail

Headquarters

United States of America US

Employees

17 494

IPO date

Oct 2, 2013

Burlington Stores is an off-price retailer that sells brand-name clothing, shoes, accessories, home goods, and some beauty and baby items at lower prices than traditional department stores. It buys excess and closeout merchandise from manufacturers and other retailers, then resells those goods in its own stores to value-conscious shoppers looking for a bargain hunt experience.

Its main customers are everyday consumers and families who want discounted branded products without paying full retail. Burlington makes money the simple retail way: it buys inventory at a low cost, marks it up, and keeps the difference after covering store, logistics, and operating costs. Because the company depends on available surplus inventory, its product mix changes often, which makes the shopping experience more varied than a standard chain store.

That buying model is the key to Burlington’s place in retail. Instead of designing its own products or relying on a steady catalog, it acts as a clearing channel for unwanted or excess merchandise from brands and department stores. This lets Burlington offer a treasure-hunt style assortment and compete on price, while giving suppliers a way to move inventory quickly.