Forget The Retail Apocalypse: These Chains Remain In Growth Mode
The retail industry has been closing thousands of locations this year, with chains like Sears Holdings Corp. and J.C. Penney Co. shuttering storefronts across the country. But not everyone is on a diet. A number of discount retailers and other chains are still in expansion mode. That includes Burlington Stores Inc., an off-price brand that said on Tuesday it had added 31 locations during its latest quarter. That represents quarterly growth of more than 5 percent. And Burlington isn’t the fastest-growing major chain. That distinction goes to Five Below Inc., a teen-focused retailer that typically sells items below five bucks. It’s expanding at the speediest clip of any company in the Russell 3000 with a minimum of 500 stores. See more at Bloomberg.
