By  on November 13, 2009

Stephen Milstein, whose family turned Burlington Coat Factory into a nationwide chain, has gotten back in the outerwear industry with Best Coat Factory, a Paramus, N.J., pop-up store that specializes in deeply discounted designer labels.

The recession has furthered the surge in savvy shoppers whom Milstein could not resist pursuing. “I kept getting solicited by friends in the outerwear industry that there was a need for our family to get back in the coat business. There is also a void for value-priced outerwear. Consumers are responding to that kind of merchandise now. Stores like TJ Maxx and Costco are the ones that are doing well now,” he said.

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