Burlington Coat Factory announces stock repurchase program.

BURLINGTON, N.J.--(BUSINESS WIRE)--Oct. 9, 1996--Burlington Coat Factory Warehouse Corp. (NYSE:BCF) announced today that the corporation has adopted a stock repurchase program.

Under the terms of the repurchase program, the president of the corporation is authorized to expend up to $5 million to repurchase the corporation's issued and outstanding common stock, $1.00 par value par share. Such repurchase or repurchases shall be made in the open market or in negotiated transactions from time to time over the two year period commencing Oct. 11, 1996 and ending on Oct. 10, 1998, at such time as deemed prudent and appropriate by the president of the corporation in his discretion.

The program does not require the purchase of any minimum or maximum number of shares, but sets a limit on the total dollar amount which will be used for such purposes. Shares repurchased will be held by the corporation as treasury stock to be used to meet the corporation's obligations under its present and future stock option plans and for other corporate purposes.

CONTACT: Burlington Coat Factory Warehouse Corp., Burlington

Monroe G. Milstein, 609/387-7800

or

Silverman, Heller Associates, New York

Edward Silverman, 212/682-9222