Burlington: 2022 can be very unpredictable
Burlington, N.J. – The outlook from Burlington Shops is crammed with ‘ifs’ and ‘maybes’ together with projections for accelerated progress.
“We predict that 2022 goes to be very unpredictable. That mentioned, we imagine it might present the best set-up for our enterprise,” CEO Michael O’Sullivan instructed analysts throughout this morning’s third quarter name.
He pointed to a sequence of things that can influence the enterprise in 2022 and over the subsequent 5 years.
Macro financial system – America could enter a protracted interval of shopper worth inflation throughout the broad financial system. “We imagine that in an inflationary interval, customers commerce down, not up,” mentioned O’Sullivan, creating house for off-price to achieve further market share.
Pricing – Greater costs might change into a everlasting fixture. In another state of affairs, prices come down however full-price retailers choose to hold onto increased margins by tightening inventories and lowering promotions. In both