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Stock impact report

Is Burlington Stores Stock a Buy? [The Motley Fool]

Burlington Stores, Inc. (BURL) 
Last burlington stores, inc. earnings: 3/5 06:45 am Check Earnings Report
US:NYSE Investor Relations: burlingtoninvestors.com
Company Research Source: The Motley Fool
The coronavirus pandemic has taken its toll on many retailers as foot traffic has evaporated. This has been especially difficult for discount retailers likeBurlington Stores(NYSE:BURLMinimal e-commerce presenceBurlington Stores CEO Michael O'Sullivan announced in March 00 that the company plans toexit e-commerceIn any other business model, this would raise a large red flag. However, Burlington relies upon name-brand overstock and prior-season products for the majority of inventory. Because size and product variations are large, it is not cost-effective to manage an e-commerce platform.Image source: Getty Images.In almost every market, the brick-and-mortar discount business model is highly effective, but the pandemic closed all of Burlington's stores on March until further notice. The lack of an online channel leaves the company highly exposed to the challenges of running a business with negligible revenue, forcing the company to rely on its $0 million of cash on hand -- as well as th Show less Read more
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