Tag Archives: Tom Kingsbury

Burlington Stores’ Loss Grows in Q3

Burlington Stores

FLORENCE, N.J.-Climbing expenses and a loss on the extinguishment of debt drove Burlington Stores to a net loss of $34.2 million in its fiscal third quarter, compared to a net loss of $16.9 million in the third quarter of 2013. The retailer posted a loss of $70.3 million on the extinguishment of debt in theMore »

Last updated: December 9, 2014

Burlington Names Cooper, McNamara to Board

Frank Cooper III

BURLINGTON, N.J.-Frank Cooper III, chief marketing officer, global consumer engagement for PepsiCo’s Global Beverages Group, and William McNamara, former chairman and CEO of Macy’s Midwest, have joined the Burlington Stores board of directors. Cooper has served in his current role with PepsiCo since January 2010. His career also includes executive positions with America Online, UrbanMore »

Last updated: September 18, 2014

Burlington Stores Slims Q2 Loss

Burlington Stores

BURLINGTON, N.J.-Sales gains on both a total and same-store basis helped narrow Burlington Stores’ second-quarter net loss from $25 million last year to $6.5 million this year. Net sales for the quarter, which ended on Aug. 2, rose 8.3 percent to $1 billion, while same-store sales gained 4.7 percent. The latter followed on a same-storeMore »

Last updated: September 9, 2014

Burlington Stores Goes from Loss to Profit in Q1

Burlington Stores

BURLINGTON, N.J.-In what its top executive, Tom Kingsbury, termed a quarter of “solid results,” Burlington Stores reversed a net loss of $5.6 million into net income of $11.8 million for its fiscal first quarter ending on May 3. Kingsbury, president, CEO and recently named chairman as well, said the first quarter saw the retailer “buildMore »

Last updated: June 10, 2014

Burlington Stores’ FY, Q4 Nets Fall

Burlington Stores

BURLINGTON, N.J.-Although the company’s top line picked up momentum in both periods, Burlington Stores posted declines of 36.2 percent and 6.4 percent in fiscal-year and fourth-quarter net income, respectively. Net income for the year totaled $16.2 million, and for the fourth quarter was $63.6 million (the company posted a net loss for the first threeMore »

Last updated: March 20, 2014

Burlington Stores Q3 Net Loss Widens

Burlington Stores

BURLINGTON, N.J.-Costs related to its initial public offering, rising interest expenses and a reduced income-tax benefit deepened Burlington Stores’ third-quarter net loss from $7.4 million last year to $16.9 million this year. The retailer incurred costs of more than $12 million related to its initial public offering, which was completed in October, including expenses forMore »

Last updated: December 10, 2013

Burlington Coat Factory Sales Rise 11.5 Percent in Q2

Burlington Coat Factory

BURLINGTON, N.J.-Second-quarter net sales for Burlington Coat Factory totaled $963.7 million, up 11.5 percent from the second quarter of last year, according to a preliminary report. Same-store sales in the quarter, which ended on Aug. 3, increased 7.8 percent. For the first half of Burlington Coat Factory’s fiscal year, net sales gained 9.8 percent andMore »

Last updated: August 7, 2013