Chain Store Age
Burlington Stores is getting out of the e-commerce business.
After reporting fourth-quarter sales and earnings that beat Street estimates, the off-price retailer dropped a bombshell on its quarterly call with analysts. Company executives said that Burlington is winding down its e-commerce operations, which account for about 0.5% of total sales, and focus on growing its bricks-and-mortar business. The company currently operates 720 stores in 45 states and Puerto Rico. . . . more