Inquirer.com4h ago

Burlington Stores to relocate headquarters to Philadelphia with $370 million investment

Discount retailer Burlington Stores plans to move its headquarters from South Jersey to Philadelphia, with an investment of $370 million. The company is slated to receive $30 million in Pennsylvania grants, plus a $7 million forgivable loan and a job-creation tax credit from the city. Burlington’s net income rose 21% and sales increased 9% last year, which management attributed to its tariff response. The company also reported strong results in the first half of 2026 and said it received $55 million in tariff refunds that it plans to use for additional price markdowns for customers.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.