Burlington Stores

What Burlington Stores does

Burlington Stores, Inc. (NYSE: BURL) is a U.S. off-price retailer founded in 1972-1973 by Monroe Milstein and headquartered in Burlington, New Jersey, operating over 1,200 stores across 46 states, Washington D.C., and Puerto Rico. The company sells branded apparel, footwear, accessories, beauty, and home merchandise at discounts of up to 60% off comparable retail prices, sourcing excess inventory, overstocks, and seasonal merchandise from department stores, specialty retailers, and manufacturers. The off-price model is reinforced by a treasure-hunt in-store experience and an ever-changing assortment differentiated from full-price retail. Burlington generated FY2025 net sales of $11.55 billion, up 9% year-over-year, with Q4 2025 sales of $3.65 billion (+11% YoY) and Q1 2026 revenue of $2.86 billion, alongside 14 consecutive quarters of double-digit EPS growth and 6% comparable store sales growth in Q1 2026.

The company is executing a multi-year capital-intensive growth strategy anchored by the 'Burlington 2.0' store modernization initiative, aggressive unit expansion (110-115 net new stores planned for FY2026 toward a long-term 2,000-store target), and the buildout of two 2 million-square-foot automated distribution centers. The first automated DC opened in Ellabell, Georgia in June 2026 with over 25 miles of conveyor and custom off-price software; a second comparable facility in Buckeye, Arizona is targeted for FY2028. Supporting technology includes the Traverse vendor compliance portal, Gateway EDI system (EDI 850/856/810), and a TMS for inbound collect shipments, along with the Comenity-issued Burlington Credit Card, Epsilon-powered Loyalty Program, gift cards, and layaway services. Leadership is headed by CEO Michael O'Sullivan, President & COO Travis Marquette, and CFO Marc Katz, with a regional real estate organization of more than a dozen directors and VPs executing the unit growth plan. The company's market capitalization stood at approximately $20.98 billion as of April 2026.

Name

Burlington Stores

Legal name

Burlington Stores, Inc.

Website

https://burlington.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Burlington Stores (NYSE: BURL) is a U.S. off-price retailer operating over 1,200 stores across 46 states, selling branded apparel, footwear, home, and beauty merchandise at up to 60% off retail, and serving value-conscious and middle-income consumers with a long-term target of 2,000 stores.

Ownership category

akta.pro rank

Product category

Off-Price Retail

NAICS

Clothing and Clothing Accessories Retailers (458110), General Merchandise Retailers (455)

SIC

Retail-Family Clothing Stores (5651), Retail-Apparel & Accessory Stores (5600)

akta.pro primary industry

Off-Price Department Stores (Broadline) (CRAGAEAA)

akta.pro secondary industries

Off-Price Department Store Chains (National) (CRAGAEAG), Off-Price Apparel Chains (National/Regional) (CRAEABAA)

Keywords

• Off-price retail
• Discount apparel
• Branded merchandise
• Home goods retail
• Value retail

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Merchandise Sales: Core revenue from selling off-price apparel, footwear, home goods, beauty, and accessories. Offers discounts of up to 60% off retail prices. Products sourced from department stores, specialty retailers, and direct from manufacturers. Sales generated through brick-and-mortar stores and e-commerce.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Burlington Stores is an off-price retailer selling brand-name apparel, footwear, home goods, beauty products, and accessories at discounts of up to 60% off comparable retail prices. The company operates more than 1,200 brick-and-mortar stores across 46 states, Washington D.C., and Puerto Rico, supplemented by an e-commerce channel at burlington.com. Merchandise is sourced from excess inventory, overstock, and seasonal closeouts from department stores, specialty retailers, and manufacturers, creating a treasure-hunt shopping experience with constantly changing inventory.

Product overview

Burlington Stores is an off-price retailer operating over 1,200 stores across 46 states, Washington D.C., and Puerto Rico, offering brand-name merchandise for the entire family and home at discounts of up to 60% off retail prices. The company's product portfolio centers on its core off-price retail operations, supplemented by financial and loyalty services including the Burlington Credit Card (issued by Comenity Capital Bank), the Burlington Loyalty Program (powered by Epsilon), Burlington Gift Cards, and Layaway payment services. The off-price model differentiates from traditional department stores by sourcing excess, overrun, and seasonal branded merchandise from manufacturers and selling it at discounted prices, with inventory constantly changing to create a 'treasure hunt' shopping experience.

Differentiator

Problem solved

Functional benefit

Products and services

• Off-Price Retail Merchandise Burlington's core off-price retail offering selling brand-name merchandise for the entire family and home at discounts of up to 60% off retail prices. Sourced from excess inventory, overstock, and seasonal merchandise from manufacturers and other retailers. Available across 1,200+ stores and burlington.com.
• Burlington Credit Card A proprietary store credit card issued by Comenity Capital Bank that offers customers 10% off their first purchase and 5% back in rewards on every Burlington Credit Card purchase, with 100 points equaling $5 in rewards.
• Burlington Loyalty Program A free rewards program open to U.S. residents 13 years or older that provides members with extended returns (45 days), early notification of new arrivals and markdowns, e-receipts, and a $5 layaway bonus on completed transactions.
• Burlington Gift Cards Both physical and digital gift cards available in various designs, enabling customers to purchase gift cards for any occasion and enabling bulk purchases for corporate gifting.
• Layaway A payment plan service available at select locations allowing customers to reserve merchandise with a minimum deposit of $10 or 20% (whichever is greater) plus a $5 service fee, with items held for 30 days.

Quantifiable outcome

• 14 consecutive quarters of double-digit EPS growth
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

One partnership is on record.

• Empire State Realty TrustcoreOthersESRT signed renewal and expansion leases with Burlington at Manhattan properties in Q4 2025. Burlington expanded by 35,629 square feet at 1400 Broadway for a total footprint of 206,392 square feet, marking its fourth expansion since 2010.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• HomeGoods (TJX Companies): TJX-owned off-price home goods chain directly comparable to Burlington's growing home assortment. Same treasure-hunt closeout model and customer demographic; relevant because Burlington's home category is a key growth and differentiation vector.
• Ross Stores: Operates Ross Dress for Less and dd's DISCOUNTS off-price chains. Direct competitor with very similar off-price apparel/home model, comparable store base in power centers, and overlapping vendor relationships.
• Marshalls (TJX Companies): TJX off-price apparel and home chain and Burlington's closest large-format competitor. Directly comparable product mix (apparel, footwear, accessories, home), off-price sourcing model, and shopping-center real estate footprint.
• The TJX Companies: Parent of TJ Maxx, Marshalls, and HomeGoods; the largest U.S. off-price apparel and home retailer. Directly comparable to Burlington in business model (off-price treasure-hunt), customer base (value-conscious shoppers), and product categories, but at meaningfully larger scale.
• Ollie's Bargain Outlet: Closeout retailer offering deeply discounted brand-name merchandise primarily in home, toys, and food. Comparable extreme-value closeout sourcing model, treasure-hunt experience, and small-format store base in secondary markets.

Emerging players

• Five Below: Extreme-value specialty retailer offering items mostly under $5 (and growing price points). Comparable value-oriented customer base and rapid store expansion strategy, though focused on discretionary/small-ticket items rather than apparel and home.
• Nordstrom Rack: Off-price arm of Nordstrom offering discounted branded apparel, shoes, and accessories. Comparable off-price treasure-hunt format and value-conscious customer base, though tied to Nordstrom's full-price brand identity and assortment.

Regional players

• Big Lots: U.S. closeout value retailer of general merchandise, furniture, and food. Comparable extreme-value, closeout-driven business model and middle-income value-conscious customer base, though operating primarily through bankruptcy restructuring and a more limited footprint.

Broad incumbents

• Dollar Tree: Multi-banner deep-value retailer (Dollar Tree, Family Dollar). Comparable extreme-value positioning and trade-down beneficiary profile, though primarily focused on consumables and household basics rather than branded apparel.
• Macy's (Macy's Backstage): Traditional department store operator that runs Macy's Backstage off-price concept within its stores. Comparable as a branded apparel/accessories retailer, but operates a primarily full-price model with off-price as a smaller extension.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Burlington
• Facebookfacebook.com/BurlingtonCoatFactory
• LinkedInlinkedin.com/company/11240

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Burlington Stores