Burlington Coat Factory Anticipates Lower Than Expected Results for the Fourth Quarter Ended June 2, 2001.Business Editors BURLINGTON, N.J.--(BUSINESS WIRE)--July 24, 2001 Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. Warehouse Corporation (NYSE NYSE See: New York Stock Exchange :BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter ) announced today that it anticipates that the results of the fourth quarter ended June 2, 2001 will be lower than expected due primarily to lower gross margins. The Company expects to announce results for the quarter and year ended June 2, 2001 on August 2, 2001. The Company will be holding a conference call regarding the fourth quarter results at 9:15 EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT on August 3, 2001. To listen to the call, visit the Company's web site at www.coat.com. The Company's comparative store sales for the first seven weeks of the current fiscal year increased 1.5%. In addition, the Company is excited about the acquisition of ten former Montgomery Ward stores and one former Bradlees store, which, together with approximately twenty other planned locations (including relocations), will increase its square footage by approximately ten percent during the current fiscal year. The acquisition of the Montgomery Ward stores serves to upgrade the Company's real estate because half of these stores are located in enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. malls. Burlington Coat Factory Warehouse Corporation currently operates 295 stores in 42 states principally under the name Burlington Coat Factory. |
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