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Burlington Coat Factory : ウィキペディア英語版
Burlington Coat Factory

Burlington Stores Inc. (also known as Burlington Coat Factory Warehouse Corporation) is an American national off price retailer, with 540 stores in 44 states and Puerto Rico, with its corporate headquarters located in Burlington Township, New Jersey. In 2006, it was acquired by Bain Capital in a take-private transaction and in 2008, Tom Kingsbury became President and CEO. The company went public again in 2013.
==History==
The company was formed and incorporated in 1972 when Henrietta Milstein convinced her husband Monroe to purchase a former factory outlet in Burlington, New Jersey for $675,000, using money she had saved from her job as a librarian for most of the $75,000 down payment. Monroe and his father, Abe Milstein, had been running a successful wholesale and retail outerwear business together since 1946. Initially, the Milsteins sold coats and jackets wholesale, but in order to become less dependent on the seasonal coat business, they gradually began adding additional clothing items and accessories, eventually expanding into linens, gift items, a baby department and shoes.
A second location was opened in 1975 in Copiague on Long Island, and Milstein asked his son Lazer, who was living in Israel at the time, to return home and act the store's legal owner for the new location. Lazer agreed, on the condition that the store be closed Saturdays, his Sabbath.〔 At the time, businesses faced legal action for being open on Sunday, with an exception made for religions observing a different Sabbath. In 1983, with 31 locations, the company, whose name was Burlington Coat Factory Warehouse Corporation since it was bought by the family in 1972, went public.
In 2006, the company was purchased by Bain Capital Partners for $2.06 billion.〔 The Milstein family held almost 30 million shares of the Burlington Coat Factory Warehouse Corporation, making approximately $1.3 billion, and Monroe Milstein was unassociated with the business following the sale, although two of his sons, Stephen and Andrew, stayed on briefly.〔 Mark Nesci, the former executive vice president and chief operating officer, was named to serve as the acting CEO. A holding company called Burlington Coat Factory Holdings Inc., was formed to be the ultimate parent of the chain.
In July 2012, the company received a $40 million incentive from the New Jersey Economic Development Authority as part of the state's GrowNJ program in order to build a new headquarters in Florence, adjacent to its existing headquarters, keeping the company from moving its headquarters outside the state.
On June 27, 2013, Burlington filed its S-1 registration statement with the SEC for an initial public offering. In October 2013, the company's stock rose more than 40% on its first day of trading. The company reported $4.35 billion in sales for the 12-month period ending August 3, 2013. As of October 2013, the company operated 503 stores in 44 states and Puerto Rico under the names Burlington Coat Factory, Cohoes Fashions, Baby Depot, MJM Designer Shoes and Burlington Shoes.
According to Hoovers, the top competitors to Burlington Coat Factory are T.J. Maxx, Ross Stores and Bed Bath & Beyond.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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