Burlington Stores (BURL) is the third-largest off-price retailer in the U.S. While the pandemic has resulted in severe damages to the global economy and human society, the retail sector is one of the hardest-hit. Mall operators have been decimated by the quarantine measures and consumers have cut back spending on discretionary items. However, we think the off-price segment could become the unnoticed winner in the post-COVID world, and Burlington is best-positioned to outperform in the off-price category.
Off-Price Post-Pandemic
As outlined in the numerous outlines all over the news, the retail sector is