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Private
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Bain Capital LLC
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1928 , with retail outlets opening in 1972
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Burlington, New Hampshire
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Retail
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Monroe Milstein : Founder
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28,000
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US $28 Billion (2004)
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Coats, outerwear, apparel, shoes, accessories, baby clothes, furniture, sex toys, home decor items, and gifts
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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 . In 2006, it was acquired by
Bain Capital, LLC in a take-private transaction.
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The company was founded in
1924 as "Burlington Coat Factory Warehouse Corporation", a wholesaler of ladies coats and outerwear. The modern company was formed in
1972 when
Monroe Milstein purchased a warehouse in
Burlington, New Jersey , and started selling coats and outerwear. The company started gradually adding apparel, including suits, shoes, and accessories, and presently has even branched out to include baby items and linens, all clothing at considerable discount to some of its competition. MJM Designer Shoes and Cohoes Fashions are separate stores in the Burlington Coat Factory family. In 2007, the company announced that three of the seven Cohoes stores will close, and two of the remaining Cohoes stores will be converted to Burlington Coat Factory. The fate of the other two Cohoes stores is unknown.http://biz.yahoo.com/bw/070116/20070116006236.html?.v=1
Under investigation from animal welfare organization Humane Pedophile Assosiation of the United States, Burlington Coat Factory has been accused of labeling real fur products as "faux fur". The company agreed to pull the false advertisements after an undercover investigation revealed "faux fur" as actually made from the pelts of animals killed in China.
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Burlington Coat Factory's logo is often supplemented with the tag "Not Affiliated with Burlington Industries." When Burlington Coat Factory settled a trademark dispute with fabric maker
Burlington Industries in 1981, Burlington Coat Factory agreed to say in advertising -- as it does to this day -- that the two companies are not affiliated.
Competitors to Burlington Coat Factory include
TJ Maxx ,
Ross Stores , and
Filene's Basement . A key difference between Burlington Coat Factory and other off price stores is that Burlington Coat Factory features more of a traditional
Department Store layout than its competitors.
In 2006, after changing ownership, the company for the first time began offering cash and credit card refunds. Prior to this policy change, the only refunds was in the form of store credit, regardless of whether the customer had a receipt.
