Burlington opening 50 new stores this year amid strong profits

Burlington Stores, formerly Burlington Coat Factory, will open 50 new stores this year.

The company, which recently opened a store in Huber Heights and closed a Trotwood location, will continue expansion this year with an investment of $310 million. There are plans to open a store in Beavercreek near the Mall at Fairfield Commons later this year as well.

During the first quarter of this year, new and non-comparable stores added $121 million in sales. The company saw strong earnings, with sales increasing 7.4 percent and comparable store sales jumping 0.1 percent.

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For the full year, Burling expects total sales to incraese between 8.5 and 9.2 percent and comparable store sales to increase 2 to 3 percent.

Burlington is one of several discount retailers that have continued to do well as other retail struggles.

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