Burlington Coat Factory Q3 Sales Jump 7.7%

Burlington, NJ—The 497-unit Burlington Coat Factory Thursday reported its third quarter sales increased 7.7% to $967.8 billion. Comparable store sales increased 2.1%.

For the nine month ended Oct. 27, the company posted a 7.4% increase in sales to $2.621 billion with comparable store sales up 1.8%.

‘We continue to be very pleased with our inventory management which once again has resulted in reduced comparative store inventories, faster inventory turns and reduced aged goods,” said Tom Kingsbury, ceo. “In addition, as we move into the all important fourth quarter we are excited about our liquidity and the level of fresh receipts that we are planning on delivering to our customers.”

 

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