Decline in sales at Burlington Coat Factory
18/04/2007
New Jersey-based branded apparel retailer Burlington Coat Factory has posted a decline in sales for its third quarter ended March 3.
Third quarter sales decreased $36.4 million (3.6%) compared with the prior-year period and comparative store sales decreased 2.6%. Income was $31.1 million compared with $58.3 million during the period ended
For the nine months ended March 3, the company reported a 0.3% increase in net sales totalling $2.63 billion compared with $2.62 billion for the comparable period ended
It recorded a net loss of $9 million for the nine month period compared with net income of $87.8 million for the first nine months of the prior year.
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