By  on April 16, 2009

Impairment charges dragged Burlington Coat Factory Investments Holdings Inc. to a large third-quarter loss despite improvements in sales and EBITDA.

The Burlington, N.J.-based off-price chain sustained a net loss of $150.9 million in the three months ended Feb. 28 versus net income of $26.8 million in the prior-year quarter. Included in the loss were pretax impairment charges of $279.3 million related to its trade name and $28.1 million connected to its stores.

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