Is Burlington Coat Factory Going Out of Business?
In the retail industry, Burlington Coat Factory is a renowned name that you have heard of. This retail giant has been serving excellence for many years. However, the company has undergone some big transformations. The Burlington Coat Factory has dropped “Coat Factory” from its name. This has made people curious about the company’s future and business.
This strategic move has popped an important question in everyone’s mind; “Is Burlington Coat Factory going out of business?”
So, many people around are wondering if the real giant is shutting down. But, there is much confusion regarding the actual facts. But no worries!
In this latest article, we will answer all your queries related to the closure of Burlington Coat Factory. So, don’t miss out on this informative article and read till the very end!
About Burlington Coat Factory: A Closer Look into Business
Burlington Coat Factory is a popular retail chain that has been operating in the United States since 1972. The journey of this retail chain started as a small store that only sold coats. However, over time, the company expanded its business and operations.
Today, Burlington Coat Factory is selling a range of products. The reason behind their quick growth was their commitment to quality and comfort. Moreover, while focusing on quality and comfort, the company never compromised on style and looks. All their products are stylish and cozy.
The Burlington Coat Factory is not like any other ordinary coat sold in your town. In fact, this factory is something big and different that customers really love. At Burlington Coat Factory one can find a range of things, including men’s wear, women’s wear, and also kids’ clothing. However, formally, this company was known for its appealing, comfortable, and stylish coats.
Is Burlington Coat Factory Going Out of Business?
As the Burlington Coat Factory dropped the “Coat Factory” from its name, it resulted in gossip about its closure. So, lately, there have been a lot of murmurs that, “Is Burlington Coat Factory going out of business?” Let’s find out!
No, Burlington Coat Factory is not going out of business. Although the company faced some challenges and dropped “Coat Factory” from its name, it does not indicate that the company is shutting down for good.
Burlington Coat Factory is still in the business and continuing its legacy like before. In fact, they are improving their sales and operations. The company also has some plans related to business expansion and growth. So, if you are worried about the closure of Burlington Coat Factory, the good news is that the retailer is not going anywhere. So, you can still buy their closet outlet and can buy your favorite coat to slay this winter.
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Evidences that Suggest Burlington Coat Factory Is Not Going Out of Business
As we have discussed, the Burlington Coat Factory is not closing down or leaving the business. Now, let’s have a look at some important evidence that suggests that Burlington Coat Factory is not going out of business:
No Official Statement
No closure could be confirmed without any official statement. Burlington Coat Factory has not given any official statement and has not made any announcement related to its closure. So this suggests that the company is still in the business and is not going anywhere.
Active Online Presence
Another piece of evidence that suggests that the Burlington Coat Factory is not closing down is its active online presence. The company’s official website is still active and selling its products. So, it simply means that they are still in operation. Moreover, you can also buy their products both from stores or from their official website.
Better Financial Performance
Moreover, over the years, the financial performance of Burlington Coat Factory has significantly improved. According to some sources, the company has earned better profits and generated more annual revenue. This not only indicates that the company is still in business but also shows that it is improving its performance.
According to some sources, the Burlington Coat Factory has plans to open new stores. So, the company is working on some strategic growth plans. They will soon open more locations. This means that Burlington Coat Factory is not going out of business.
Stock Price Growth and Expansion Plans of Burlington Coat Factory
Burlington Coat Factory has really improved its performance. The company has also seen significant stock price growth. They have positive stock growth. The most current data shows a 52 week range of their stock price between $142.99 - $200.37. This indicates that the company is continuously improving its business and financial performance.
Moreover, the Burlington Coat Factory also has some expansion plans. The company is also planning to open more locations. The company announced plans to open around 12- to 130 stores in 2023. So, the retailer is towards its exciting growth and expansion.
Why did the Company Drop “Coat Factory” from its Name?
Burlington Coat Factory dropped the “Coat Factory” from its name a few years ago. But there is nothing to worry about. Because this was their strategic move. Now, the Burlington Coat Factory is only in Burlington. They dropped the coat factory from their name to expand their product range. They started with only selling the coats. However, they soon expanded their product range and started selling many more products.
So, they also dropped “Coat Factory” to grab the attention of more customers. This business move will also help the company to cater to a wider audience. However, this change in name does not impact their quality and services. Although the name changed, the quality and reliability are still the same.
Is Burlington Coat Factory Still Around?
Yes, Burlington Coat Factory is still around. Their active online presence and growth plans indicate that the company is still operating and selling. However, now the Burlington Coat Factory is only the Burlington. So, whether you are looking for a cozy coat or a range of kids, men’s, or women's clothing, Burlington is just like heaven for you.
Moreover, the good news is that soon, you will have more Burlington Coat Factory locations. This will definitely enhance your shopping experience. So, don’t believe the rumors related to Burlington Coat Factory closure as they are still actively around.
Wrapping Up - Is Burlington Coat Factory Going Out of Business?
Finally, the answer to “Is Burlington Coat Factory going out of business?” is No. The company has strategically changed its name. They dropped “Coat Factory” from their name. So, now Burlington Coat Factory is operating like before under the name of “Burlington.” However, the company is not closing down or leaving the business. In fact, the company has many plans to open new locations to expand its business and services.
So, forget the rumors about the closure of Burlington Coat Factory. Just grab your wallet and hunt down the coat of your dreams!