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Stock impact report

This Discount Retailer Is Finding New Locations Where Others Are Trying to Leave [Yahoo! Finance]

Burlington Stores, Inc. (BURL) 
Last burlington stores, inc. earnings: 3/5 06:45 am Check Earnings Report
US:NYSE Investor Relations: burlingtoninvestors.com
Company Research Source: Yahoo! Finance
Many of those are leases taken over from other retailers that are going through bankruptcy proceedings. The company on Tuesday said it expects same-stores sales in the fourth quarter to come in flat to up 2% from a year ago. When Burlington Stores ( BURL ) shops for new locations, it sometimes looks in places other companies couldn't make work. The discount retailer formerly known as Burlington Coat Factory, which reported its latest quarterly results earlier today, said it expects to add more than 100 net new stores this year even after more than a dozen closings. And some of those new locations, executives said Tuesday, previously belonged to other retailers. Most new Burlington stores are—and are expected to be—leased after a comparatively typical search-and-lease process. “But in the past couple of years, we have been able to supplement our new store pipeline by selectively acquiring existing leases from retailers that are going through a bankruptcy process,” CEO Michael Show less Read more
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