Burlington Coat Factory Reports First Quarter Sales.Business Editors BURLINGTON, N.J.--(BUSINESS WIRE)--Sept. 5, 2002 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 net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the first quarter ended August 31, 2002 were $506.2 million compared with $451.6 million for the comparative period ended September 1, 2001, a 12.1% increase. These results reflect a 1.7% comparative store sales increase over the comparative period in the prior year. Comparative store sales increased 6.5% in June, decreased 2.4% in July, and increased 0.4% in August compared with the same periods last year. During the first quarter of fiscal 2003, the Company opened six Burlington Coat Factory stores and two stand alone shoe stores. An additional two Burlington Coat Factory stores were relocated during the current fiscal year to locations within the same trading market. Burlington Coat Factory operates 324 stores in 42 states principally under the name "Burlington Coat Factory". |
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