The off-price sector, with few exceptions, continues to shine.
The company plans to open between 35 to 40 stores during fiscal year 2018.
The off-pricer has “significant open-to-buy” as it enters Q3.
Dhillon leads the legal department at Burlington Stores Inc. and before that led the legal department at J.C. Penney.
Macy’s is looking to enforce a non-compete agreement against a former regional executive.
“He was very much into textures,” explained Rita McGhee of the wardrobe she created for Lifetime Network’s upcoming biopic of the singer.
Not being able to duplicate the treasure hunt experience online is a plus for off-price retailers.
The off-price retailer posted a 43.5 percent jump in net income on 9.2 percent growth in sales for the year.
Moody’s says that off-price retailers will continue to take market share from traditional department stores.
Burlington Stores beat analyst estimates for the fourth quarter, but then lowered expectations for the current quarter.