Spruce Point Issues "Strong Sell" Opinion On Burlington Stores (BURL)

Spruce Point Capital Management Issues “Strong Sell” Opinion On Burlington Stores (NYSE:BURL) And Sees 20% – 40% Downside Executive Summary Spruce Point Is Cautious On Burlington Stores For The Following Reasons: Burlington (“BURL” or “the Company”) Is An Old School Retailer Now Being Spun As A Sexy New Growth Story Amidst An lntensifying and Ultra Competitive Retailing Environment Burlington Stores (formerly Burlington Coat Factory) is an “off-price” discount retailer based in Burlington, NJ that sells men’s and women’s clothing, home furnishings, and accessories. It competes with the likes of TJX Companies (T.J. Maxx, Marshalls), Ross Stores, and countless other retailers…