Burlington Stores: Earnings Forecast Disappoints

Burlington Stores is a leading off-price retailer in the USA, specializing in discounted brand-name clothing, shoes, accessories, and household goods. Unlike traditional department stores, the company relies on a constantly changing assortment at affordable prices, attracting price-sensitive customers. Expansion is progressing, with new store openings in strategically important regions. Especially in economically uncertain times, Burlington benefits from the ongoing demand for inexpensive alternatives, while rising costs for store rents and wages...