Burlington Stores
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.
- Company typePublic
- Founded1973
- HeadquartersBurlington, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
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.
Burlington Stores firmographics
Firmographics- 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
Burlington Stores industry classification
Industry- 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
Where Burlington Stores is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Burlington Stores business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Everyday low off-price model |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Burlington Stores product offering
Product offeringCore 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
Companies that use Burlington Stores
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Burlington Stores technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
Burlington Stores partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Empire State Realty TrustcoreESRT 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
Burlington Stores competitors and assessment
Company assessmentDirect 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
Burlington Stores social profiles
Digital presenceBurlington Stores compliance and trust
Trust signalCompliance3 records
Burlington Stores financial estimates
Financial estimateRevenue estimate
Valuation estimate
Burlington Stores leadership team
Management profileNumber of profiles
Profiles14 records
Burlington Stores funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Burlington Stores M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Burlington Stores
What does Burlington Stores do?
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.
Is Burlington Stores a public or private company?
Burlington Stores is a public company. It is classified as public and is currently operating.
When was Burlington Stores founded?
Burlington Stores was founded in 1973. It employs 5,001 to 10,000 people.
Where is Burlington Stores based?
Burlington Stores is headquartered in Burlington, United States, in the North America region.
How does Burlington Stores make money?
One revenue line is on record: merchandise Sales.
Who are Burlington Stores's main competitors?
Direct peers on record are HomeGoods (TJX Companies), Ross Stores, Marshalls (TJX Companies), The TJX Companies and Ollie's Bargain Outlet. Emerging players are Five Below and Nordstrom Rack. Big Lots is listed as a regional player. Broad incumbents are Dollar Tree and Macy's (Macy's Backstage).
Does Burlington Stores have an API?
No public API is recorded for Burlington Stores.
What industry is Burlington Stores in?
Burlington Stores's product category is Off-Price Retail. Its primary akta.pro industry code is CRAGAEAA, Off-Price Department Stores (Broadline), with a secondary code of CRAGAEAG, Off-Price Department Store Chains (National). Its NAICS code is 458110 and its SIC code is 5651.