Burlington, formerly referred to as Burlington Coat Factory, can be an American national off-price department store retailer, and a division of Burlington Coat Factory Warehouse Corporation with 740 stores in 40 states and Puerto Rico, using its corporate headquarters positioned in Burlington Township, NJ. In 2007, it had been acquired by Bain Capital in a take-private transaction and in 2008, Tom Kingsbury became President and CEO. The business went public again in 2013. Burlington may be the third major off-price retailer after TJX Companies and Ross Stores.
Monroe Milstein and his father, Abe, have been owning a successful wholesale and retail outerwear business together since 1946. In 1972, Henrietta Milstein convinced her husband Monroe to acquire a former factory outlet in Burlington, NJ, for $675,050, using money she had saved from her job as a librarian for almost all of the $75,000 deposit. Initially, the Milsteins sold coats and jackets wholesale, however in order to be less reliant on the seasonal coat business, they slowly but surely started out adding additional clothing items and accessories, eventually expanding into linens, surprise items, a baby department and shoes.