Burlington Pulls The Plug On E-Commerce; Can Any Retailer Afford To Do That? [Forbes]
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: Forbes
Can any business afford to walk away from a million dollars in business? And the potential for much more? That’s what Burlington Stores, the off-price retailer, is doing with its announcement this week that it will end its e-commerce business. It represented just 0.5% of its overall $2.2 billion in annual revenue, so it is not a huge portion of its sales, to be sure. And within the off-price channel, e-commerce has been largely an afterthought. The biggest player in the business, TJX, only recently rolled out online sales, and the No. 2 in the field, Ross Dress for Less, still doesn’t sell online. So for Burlington, at least, e-commerce is at best a rounding error and, as it said in making the announcement, is a business inconsistent with its “treasure-hunt” shopping model. Burlington has also been riding a hot streak recently, with strong sales growth that has been richly rewarded by Wall Street, where its stock had nearly doubled over the past year before the recent massive sell-off
Show less
Read more
Impact Snapshot
Event Time:
BURL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BURL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BURL alerts
High impacting Burlington Stores, Inc. news events
Weekly update
A roundup of the hottest topics
BURL
News
- Burlington Stores (BURL) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Is Burlington Stores (BURL) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- These 2 Retail-Wholesale Stocks Could Beat Earnings: Why They Should Be on Your Radar [Yahoo! Finance]Yahoo! Finance
- Burlington Stores (BURL) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Here's Why Burlington Stores (BURL) Looks a Promising Pick [Yahoo! Finance]Yahoo! Finance
BURL
Earnings
- 3/7/24 - Beat
BURL
Sec Filings
- 4/30/24 - Form 3
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- BURL's page on the SEC website