Share this on
Burlington Coat Factory pares back loss
HTT Staff -- Home Textiles Today, 6/13/2012 11:48:28 AM
Burlington, N.J. - Burlington Coat Factory dramatically narrowed its first quarter loss to $3.9 million compared to a net loss of $21.0 million in the year-ago quarter.
Sales rose 5.7% to $53.3 million, with comps edging up 0.6%.
Tom Kingsbury, ceo, said inventory turn was 14% faster during the quarter ended April 28 and the retailer reduced the amount of aged inventory by 15%.
Share this on
Talkback
We would love your feedback!
Sponsored Links
Featured Company
-
FurnitureCore.com
FurnitureCore.com is a dynamic web application aimed at the furniture industry. Retailers and manufacturers alike will find our deep reserve of tools to be exactly what their furniture business needs.www.furniturecore.com... more
Most Recent Resources
- Getting the most out of offline leads
- Free Shipping and the Importance of Onsite Promotion
- Should Branded Manufacturers Participate in Flash Sales?
- Rugs 101 - Special Edition
- How Big Is Your Label
- Choosing a Web Site Developer
- Convergence: Tie Your Online & Offline Experience...
- Social Networks to Social Shopping
- Why Brands and Their Retailers are Facebook’s Biggest...
- Web Based Intelligence Gathering
- The Future of Tablets
- Shopatron: Bicycles & eCommerce
- A Guide to Holiday eCommerce Success
- Mattress Buying 101 - Connecting with Consumers
- Designing Your Brand’s Website for eCommerce
- Global Sourcing in 2010: Doing More With Less
- Comparing Four Options for Turning Web Site Traffic into...
- Are You Prepared for the 2009 Holiday Season? A Branded...
- Design, Develop, Deliver: The Three D's to Digitally...
