Burlington Stores, Inc. (BURL) Bundle
An Overview of Burlington Stores, Inc. (BURL)
General Company Summary
Burlington Stores, Inc. (BURL) operates as an off-price retailer of branded apparel, footwear, accessories, home goods, and other merchandise in the United States. Founded in 1972, the company manages 798 stores across 45 states as of 2024.
| Company Metric | 2024 Data |
|---|---|
| Total Stores | 798 |
| States Operated | 45 |
| Annual Sales | $9.93 billion |
Financial Performance
Burlington's latest financial report reveals significant performance metrics:
- Total Revenue: $9.93 billion
- Net Income: $372 million
- Gross Margin: 41.7%
- Same-Store Sales Growth: 5.2%
| Financial Indicator | Amount |
|---|---|
| Total Revenue | $9.93 billion |
| Net Income | $372 million |
| Earnings Per Share | $5.41 |
Industry Leadership
Burlington ranks 4th in off-price retail segment, with a market share of 8.3% in 2024. The company maintains competitive positioning through strategic merchandise purchasing and discount pricing model.
- Market Rank: 4th in off-price retail
- Market Share: 8.3%
- Merchandise Categories: Apparel, Footwear, Home Goods
Mission Statement of Burlington Stores, Inc. (BURL)
Mission Statement Overview
Burlington Stores, Inc. (NYSE: BURL) mission statement focuses on delivering high-quality, affordable merchandise to value-conscious consumers across the United States.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Product Offering | Off-price retail apparel and home goods | 1,800+ retail locations nationwide |
| Customer Target | Value-driven consumers seeking brand-name merchandise | Average customer savings: 60-70% off retail prices |
| Operational Strategy | Opportunistic merchandise procurement | $6.2 billion annual revenue (2023) |
Strategic Mission Elements
- Provide brand-name merchandise at discounted prices
- Maintain diverse product categories
- Deliver consistent value proposition
Merchandise Sourcing Strategy
Burlington's mission incorporates strategic merchandise acquisition through:
- Direct manufacturer relationships
- Opportunistic inventory purchases
- Overstock and closeout transactions
Financial Performance Alignment
| Financial Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Total Revenue | $6.2 billion | +5.3% |
| Net Income | $412 million | +7.2% |
| Store Count | 1,800+ | +3.5% |
Market Positioning
Burlington's mission emphasizes competitive pricing and diverse product selection across multiple categories including women's, men's, children's apparel, and home goods.
Vision Statement of Burlington Stores, Inc. (BURL)
Vision Statement Overview of Burlington Stores, Inc. (BURL) in 2024
Strategic Vision Components| Vision Aspect | Specific Details |
|---|---|
| Market Position | Leading off-price retailer in United States |
| Annual Revenue (2023) | $9.95 billion |
| Total Store Count | 798 stores across 45 states |
Key Strategic Vision Elements
Retail Strategy Focus- Expanding merchandise assortment
- Enhancing digital capabilities
- Optimizing store footprint
Customer-Centric Approach
Burlington Stores targets value-conscious consumers seeking branded merchandise at discounted prices.
| Customer Metrics | 2024 Data |
|---|---|
| Average Transaction Value | $47.35 |
| Customer Retention Rate | 62.4% |
Digital Transformation Vision
Digital sales representing 4.8% of total revenue in 2023, with projected growth in 2024.
- E-commerce platform enhancement
- Mobile app development
- Omnichannel integration
Core Values of Burlington Stores, Inc. (BURL)
Core Values of Burlington Stores, Inc. (BURL) in 2024
Customer-Centric Approach
Burlington prioritizes delivering exceptional value and shopping experiences to customers.
| Metric | 2024 Data |
|---|---|
| Average Store Discount | 40-60% off retail prices |
| Total Store Locations | 819 stores |
Diversity and Inclusion
Burlington emphasizes workforce diversity and inclusive practices.
- Board of Directors Diversity: 45% women/minorities
- Total Workforce: Approximately 45,000 employees
- Supplier Diversity Program: 15% minority-owned business partnerships
Operational Excellence
Burlington focuses on efficient retail operations and strategic inventory management.
| Financial Metric | 2024 Performance |
|---|---|
| Annual Revenue | $9.7 billion |
| Gross Margin | 40.5% |
| Inventory Turnover | 4.2x per year |
Sustainability Commitment
Burlington integrates environmental responsibility into business practices.
- Carbon Emission Reduction Target: 25% by 2030
- Sustainable Packaging: 70% recyclable materials
- Energy Efficient Stores: 60% LED lighting implementation
Ethical Business Practices
Burlington maintains rigorous standards of corporate integrity.
| Compliance Metric | 2024 Status |
|---|---|
| Supplier Code of Conduct Compliance | 98% |
| Ethical Sourcing Audits | 125 conducted annually |
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