Businesses that rely on the old-school, brick-and-mortar business model are turning away from eCommerce. Burlington, in one case, announced on its last earnings call that it will stop selling its off-priced goods online and plans to expand its footprint. And Ross Stores, which doesn’t sell online, is looking to add new locations in 2020. All this, Today in Data.
39,700 sq. ft.: Average size of Burlington’s new stores in fiscal 2020.
80: Number of new locations Burlington expects to open this year.
19: Number of locations Ross Stores opened in February and March.
$2.2B: Annual revenue of Burlington.
0.5%: Share of Burlington’s revenue represented by eCommerce.