Financial News

Burlington Stores: Shares Jump 13% On Yet Another Earnings Beat

Off-price retailers like TJX ( TJX ) and Ross Stores ( ROST ) have gained fame and fortune by taking share from department stores, catering to the American shopper’s growing love for bargain hunting. Burlington Stores ( BURL ) sometimes seems to get overshadowed by its bigger rivals. But not today. The clothing retailer, which went public in 2013, issued an upbeat forecast for the 2017 fiscal year after posting fiscal third quarter results that blew past expectations. The shares jumped more than 13% in recent market action
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