Burlington Stores Leverages Others’ Mistakes, as Off-Price Retail Booms
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The Street
The Street
By Thomas Lee The off-price retailer is bullish on its future as it snaps up unwanted merchandise from competitors worried about inflation and weak demand. How’s this for an elevator pitch: We’re the smallest, least productive, and least profitable of our peer group. Um … congratulations? Yet that’s exactly the message Burlington Stores (BURL) – Get Free Report is conveying to investors — and it’s working. Since late September, shares of the off-price retailer have soared nearly 90% to nearly $220. While other retailers are forecasting flat to negative comparable sales this year, Burlington ex…