Burlington Stores CEO Says Lower-Income Shoppers Gaining Amid Economic Shifts
Burlington Stores(BURL) PYMNTS.com·2024-09-11 03:52
As Burlington Stores CEO Michael O'Sullivan discussed the company's strong fiscal results during its secondquarter earnings call (Aug. 29), he offered his thoughts related to strategic changes and their positive impact. "Over the past 18 months the external environment has become more favorable," O'Sullivan said. "Two years ago, our core low-income customer was under severe economic pressure from the higher cost of living. Since then, it feels as if two things have happened. As inflation has moderated, the ...