Burlington Coat Factory Credit Put Option – AR Put – Receivables Put – Bankruptcy Protection
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Burlington Coat Factory’s sales dip in 3rd quarter
Burlington Coat Factory Investments Holdings Inc. says sales for the third quarter ticked down 1.6 percent to $858.2 million, compared with $872.4 million for the same period a year ago.
The discount retailer blamed unusually warm weather in September and October for the turndown.
In a statement, CEO Tom Kingsbury said cold weather is driving sales up.
“Following our third quarter performance, as the temperatures returned to normal seasonal levels in November, we are very pleased with the level of comparative store sales that we have achieved,” he said.
For the first three quarters, net sales are up 3.3 percent.
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