Latest news with #BurlingtonCoatFactory
Yahoo
04-06-2025
- General
- Yahoo
Man installed recording device in metro Atlanta Burlington Coat Factory, police say
A man is facing charges after a reported indecent exposure inside a Burlington Coat Factory in Douglasville. According to a police report, officers were called to the store on Hwy. 5 on May 25 where Mykelti Robinson, 30, was arrested. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Details on what led to his arrest are limited. But according to jail records, Robinson was charged with two counts of installing or using a recording device to observe under or through clothing. He was also charged with indecent exposure. Robinson is being held in the Douglas County Detention Center without bond. TRENDING STORIES: This 'dreamy' Georgia vacation destination was listed as most underrated in US College soccer player from Atlanta, son of former CFL star, found dead in his dorm room 30-year-old father found shot to death in his truck on busy DeKalb road [SIGN UP: WSB-TV Daily Headlines Newsletter]
Wall Street Journal
30-05-2025
- Business
- Wall Street Journal
Monroe Milstein, Who Founded Burlington Coat Factory With His Wife, Dies at 98
In August 1972, Monroe Milstein started selling discounted coats out of a defunct coat factory he'd bought for $675,000 in Burlington, N.J. He called his new store Burlington Coat Factory. He liked to keep things simple. One day, just before opening, Milstein and his wife, Henrietta, and two of their three sons were working together to get everything ready, scrambling to unwrap coats from plastic, price them, tag them and hang them on racks. When a woman knocked on the door, Milstein said fine, let the customer in. She picked out a nice raincoat, a Misty Harbor—their first ever sale. Only after she left did the Milsteins realize they'd priced the coat incorrectly and lost $10 on the transaction.
New York Times
21-05-2025
- Business
- New York Times
Monroe Milstein, Burlington Coat Factory Founder, Dies at 98
Monroe Milstein, who turned a $75,000 investment in a derelict New Jersey garment plant into the nation's third-largest discount retailer, Burlington Coat Factory — which he would sell in 2006 for more than $2 billion — died on May 9 at his home in Bal Harbour, Fla. He was 98. The cause was complications of dementia, his grandson Samuel Milstein said. Mr. Milstein's career was not quite a rags-to-riches story, unless the word 'rags' is synonymous with garment center merchandise in general. In 1972, he and his wife, Henrietta Milstein, ventured her savings as a Long Island teacher and transformed a former factory in Burlington, N.J., which they had bought for $675,000, into a mecca for busloads of frugal customers. They lured their patrons from the Philadelphia metropolitan area and beyond to buy marked-down designer and brand-name coats for women and, later, linens, men's wear, baby clothes and shoes. By the time they had divested themselves of their family-run company, it was operating 367 stores in 42 states and had recorded sales of $3.2 billion annually. The Milsteins sold their shares for $1.3 billion. 'I'm a very average fella,' Mr. Milstein said on his 80th birthday. 'I got lucky.' The Burlington Coat Factory — which was not affiliated with the fabric maker Burlington Industries — thrived by placing large orders for merchandise directly from manufacturers, for department stores' unsold seasonal items and for other surplus products, and then selling the goods at a 20 to 60 percent discount from retail prices. 'Manufacturers love to sell to us because we move merchandise and don't make demands,' Mr. Milstein told New Jersey Business magazine in 1987. 'The only problem comes about when they're threatened by other retail accounts who don't want to compete against off-pricers like us.' Monroe Gerald Milstein (he changed his middle name to Gary when he was in college) was born on Jan. 14, 1927, in the Bronx. His father, Abe, who was born in Russia, founded Amherst Fashions, a wholesaler. His mother, Ann (Isaacs) Milstein, helped out when her son started his own business. When Monroe was 11, the family moved to Manhattan. He graduated from DeWitt Clinton High School in the Bronx and earned a bachelor's degree in business from New York University in 1946. In 1949, he married Henrietta Haas, an elementary-school teacher who fled the Holocaust in Europe when she was 9 and went on to develop Burlington's children's division; she died in 2001. In addition to his grandson Samuel, his survivors include three sons from that marriage, Lazer, Andrew and Stephen Milstein; his wife, Judith (Kirshenbaum) Milstein, whom he married in 2003; five other grandchildren; and 13 great-grandchildren. (His sister, Barbara Beyda, and two of his children died earlier.) In 1946, Mr. Milstein joined his father's wholesale coat and jacket business in Manhattan's garment district. He was also selling retail on Saturdays, so successfully that his wife persuaded him, against his father's advice, to withdraw her savings to buy the former Burlington factory, which had housed a failing business on the Delaware River in suburban Philadelphia that made and sold dresses for Jonathan Logan. The Milsteins opened their first store in the building, in an area that would become a hub for factory outlets. Their second store, which opened in 1975, was in Copiague, N.Y., on Long Island, and overseen by their son Lazer, who as an Orthodox Jew kept it closed on Saturdays. The store flourished on Sundays, when few other retailers were open. Another store, on Park Place in Lower Manhattan — the company's first in that borough — was in the news when sections of landing gear and fuselage tore through the roof and several floors after terrorists crashed United Airlines Flight 175 into the World Trade Center on Sept. 11, 2001. According to family lore, Mr. Milstein was once renovating a former furniture store in Pine Brook, N.J., when a demolition company presented an exorbitant estimate for razing a wall. He spotted a highway crew working nearby; they agreed to knock down the wall for two cases of beer. The company had philanthropic partnerships with a number of charitable organizations, including the Leukemia and Lymphoma Society, the Warm Coats and Warm Hearts Drive, and WomenHeart, which supports women with heart disease. Mr. Milstein was chairman, chief executive and president of the Burlington Coat Factory Warehouse Corporation, a no-frills operation (for a long time he rode to work by bus), until he retired in 2005. His sons were executives of the company, which had the third most outlets in the country, behind TJX, which operates T.J. Maxx and Marshalls, and Ross Stores. The family took the firm public in 1983 and sold it to Bain Capital, an investment firm, in 2006. Mr. Milstein was well regarded by his former employees. Judy Grassi, who worked for Burlington for 31 years, recalled on the obituary website Dignity Memorial that Mr. Milstein liked to say, 'If you like your job, it's not work.' Another former colleague, Cheryl Resnick, recalled on the same site: 'We all were using technology to place our buys; Monroe went by his gut.'
Daily Mail
14-05-2025
- Business
- Daily Mail
Trader Joe's rival snaps up several Big Lots locations as it expands aggressively across US
Big Lots is shrinking — and rival retailers are cashing in. The discount chain, once operating more than 1,400 stores across the US, filed for bankruptcy in September and has since been offloading locations as it attempts a restructuring. Now, America's fastest-growing grocery chain is grabbing a slice. Aldi has started snapping up a few shuttered Big Lots storefronts, joining a growing list of retailers scooping up remains. Burlington Coat Factory, Tractor Supply Co., and Ollie's Bargain Outlet collectively purchased 80 other stores. But Aldi's purchases — in Denham Springs, Louisiana; Taylor, Michigan; and Nacogdoches, Texas — are particularly notable. For years, Aldi has quickly expanded across the US. The German grocery store, which has quickly pulled in American shoppers with its no-frills shopping experience and cheap prices, now operates more than 2,500 locations across 40 US states. Aldi wants to open 225 stores in 2025. It opened 105 last year, far outpacing any other American grocery chain. Florida-based Publix opened the second most, with just 43 new locations in 2024. Aldi said it wanted to open 800 stores between 2024 and 2028. The company has deployed a multi-faceted strategy to build out its footprint, including store purchases, chain takeovers, and new construction. In 2024, the company spent $5 billion to acquire Winn-Dixie and Harveys Supermarket stores to expand into Florida's grocery market. It's also built several new locations from the ground up. So far, Aldi has rapidly expanded on the east coast. The expansion is moving westward, with new openings in Las Vegas announced last month. The company currently has no locations in New Mexico, Washington State, Oregon, Montana, or Utah. Big Lots is sticking around, too - the company said it would reopen 200 stores that closed during its bankruptcy Aldi's takeover isn't the end of Big Lots. The bankrupt company is beginning to show new signs of life after the bankruptcy declaration, announcing the re-opening of 219 locations. Big Lots' renewed locations come after Variety Wholesalers acquired multiple Big Lots assets in a last-minute bid. Variety Wholesalers' CEO, Lisa Seigies, said the stores are expected to launch with a new lineup of products. Locations are set to reopen in Alabama, Florida, Georgia, Ohio, Michigan, Pennsylvania, South Carolina, and West Virginia.
Yahoo
23-03-2025
- Yahoo
Cranston police have found Linda DaLomba alive inside parked car
CRANSTON, R.I. (WPRI) — Cranston Police Colonel Michael Winquist said they have found LindaDaLomba alive, inside parked car at the intersection of Pond and Station Street in Cranston. Right now, she is being taken to Rhode Island Hospital to be evaluated. A news conference will be held at Cranston Police Headquarters at 2 p.m. on Sunday where more information is expected. Police had been actively searching for the 45-year-old woman, who they say is nonverbal and is living with autism, since she was first reported missing at 4 p.m. on Wednesday by her caregiver. The caregiver initially told investigators DaLomba vanished while she was using the bathroom at the Burlington Coat Factory, but surveillance footage revealed neither of them were ever at the store. Detectives became suspicious after the caregiver provided them with conflicting statements on DaLomba's whereabouts. Her disappearance is now a criminal investigation in which the Federal Bureau of Investigations (FBI) is involved. Detectives have also identified several persons of interest in her disappearance. Police said two residences connected to those persons of interest have also been thoroughly searched. This is a developing story and will be updated with more information when it becomes available. Download the WPRI 12 and Pinpoint Weather 12 apps to get breaking news and weather alerts. Watch 12 News Now on or with the new 12+ smart TV app. Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe NowCopyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
