Burlington Stores Builds Out Store Pipeline, Scooping Locations from Distressed Retailers -- Market Talk

Dow Jones

Nov 26, 2024

10:52 ET -- Burlington Stores is seeing solid returns from its pipeline of new stores. The off-price retailer expects to end the year with 101 net new stores, a mix of new stores, relocated ones and store closures. CEO Michael O'Sullivan notes that while it typically works directly with individual landlords to secure and lease sites after identifying potential locations, in recent years it's supplemented its new store pipeline by acquiring existing leases from retailers that are in the midst of a bankruptcy process. He adds that Burlington picked up 64 former Bed Bath & Beyond locations in 2023, while this year it's picked up or is working on a few dozen locations from other troubled retailers. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

November 26, 2024 10:52 ET (15:52 GMT)

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The off-price retailer expects to end the year with 101 net new stores, a mix of new stores, relocated ones and store closures. CEO Michael O'Sullivan notes that while it typically works directly with individual landlords to secure and lease sites after identifying potential locations, in recent years it's supplemented its new store pipeline by acquiring existing leases from retailers that are in the midst of a bankruptcy process. He adds that Burlington picked up 64 former Bed Bath &amp; Beyond locations in 2023, while this year it's picked up or is working on a few dozen locations from other troubled retailers. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 10:52 ET (15:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Burlington Stores Builds Out Store Pipeline, Scooping Locations from Distressed Retailers -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBurlington Stores Builds Out Store Pipeline, Scooping Locations from Distressed Retailers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-26 23:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  10:52 ET -- Burlington Stores is seeing solid returns from its pipeline of new stores. The off-price retailer expects to end the year with 101 net new stores, a mix of new stores, relocated ones and store closures. CEO Michael O'Sullivan notes that while it typically works directly with individual landlords to secure and lease sites after identifying potential locations, in recent years it's supplemented its new store pipeline by acquiring existing leases from retailers that are in the midst of a bankruptcy process. He adds that Burlington picked up 64 former Bed Bath &amp; Beyond locations in 2023, while this year it's picked up or is working on a few dozen locations from other troubled retailers. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 10:52 ET (15:52 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486000098","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486000098","pubTimestamp":1732636320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"10:52 ET -- Burlington Stores is seeing solid returns from its pipeline of new stores. The off-price retailer expects to end the year with 101 net new stores, a mix of new stores, relocated ones and store closures. CEO Michael O'Sullivan notes that while it typically works directly with individual landlords to secure and lease sites after identifying potential locations, in recent years it's supplemented its new store pipeline by acquiring existing leases from retailers that are in the midst of a bankruptcy process. He adds that Burlington picked up 64 former Bed Bath & Beyond locations in 2023, while this year it's picked up or is working on a few dozen locations from other troubled retailers. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4566":"资本集团","BK4094":"服装零售","BURL":"伯灵顿百货","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"伯灵顿商店建立商店渠道，从陷入困境的零售商那里抢占位置——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BURL":1},"content_text":"10:52 ET -- Burlington Stores is seeing solid returns from its pipeline of new stores. The off-price retailer expects to end the year with 101 net new stores, a mix of new stores, relocated ones and store closures. CEO Michael O'Sullivan notes that while it typically works directly with individual landlords to secure and lease sites after identifying potential locations, in recent years it's supplemented its new store pipeline by acquiring existing leases from retailers that are in the midst of a bankruptcy process. He adds that Burlington picked up 64 former Bed Bath & Beyond locations in 2023, while this year it's picked up or is working on a few dozen locations from other troubled retailers. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2024 10:52 ET (15:52 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}