From its humble beginnings as a single store selling off-price coats out of a factory in Burlington (Burlington Coat Factory of course), the company has grown into a nationally recognized off-price retailer with more than 1,000 stores nationwide.

And it continues to grow – currently in the midst of an ambitious new store opening program as part of a long-term goal to increase total sales to $16 billion by 2028.

“Including a handful of stores that we opened this month, we have now opened a gross total of 147 new stores this year. This is comprised of 116 new stores and 31 relocations of older, oversized, existing stores,” CEO Michael O’Sullivan said during a recent earnings call.

“After factoring in 15 store closures, we are now projecting that we will end 2024 with 101 net new stores. Almost all of the stores that we have opened this year are our 25,000-square-foot prototype. And most of these stores are in busy strip malls with national co-tenants. We are making rapid progress in transforming our chain. As we have disclosed previously, on average, we expect new stores to run at about $7 million in sales volume in their first full year.”