Published on 30 May 2024 on Sourcing Journal via Yahoo Finance
Burlington Eyes Better Brands as Trade Down Customer Base Grows
A concurrence of factors has helped Burlington Stores Inc. fire on all cylinders.
The off-price retailer is benefiting from lower-income shoppers who need a deal, as well as trade-down consumers who want a deal. A decision to flow goods later in the quarter allowed it to adjust the mix, and lower product sourcing costs contributed to better margins for the first quarter.