Burlington Stores Partners with YouthBuild USA: Empowering Young People to Reach Their Full Potential

Rhea-AI Summary

Burlington Stores, Inc. (NYSE:BURL) has launched its first in-store customer fundraising campaign with YouthBuild USA, running until May 15, 2023. Customers can round up their purchases to support YouthBuild, which focuses on education and workforce readiness for young adults aged 16 to 24 who are out of school and employment. This initiative aligns with Burlington's community giving strategy aimed at empowering local youth and enhancing their career opportunities. The funds raised will contribute to YouthBuild's program expansion and innovation.

In fiscal 2022, Burlington reported net sales of $8.7 billion and operated 927 stores across 46 states and Puerto Rico, offering discounted brand-name merchandise at significant savings.

Positive

• Launch of an in-store fundraising campaign aligns with strategic community giving focus.
• Opportunity for customers to directly contribute to workforce readiness programs for youth.
• Potential enhancement of brand image through community engagement.

Negative

• None.

News Market Reaction – BURL

+2.11%

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+2.11% News Effect

On the day this news was published, BURL gained 2.11%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Now through May 15, round up your purchase in store to help build brighter futures

BURLINGTON, N.J., April 10, 2023 /PRNewswire/ -- Today, Burlington Stores, Inc., a national discount retailer offering low prices every day on brand name merchandise for the entire family and home, is excited to launch its inaugural in-store customer fundraising campaign with global nonprofit YouthBuild USA. As part of Burlington's new holistic community giving approach focused on three strategic pillars — impacting its local store communities, adding value, and empowering people to live better lives and build better futures — customers have the opportunity to round up their purchase to benefit YouthBuild USA.

Funds raised will drive innovation in education, workforce readiness and leadership development for opportunity youth.

In YouthBuild programs, opportunity youth — young adults between the ages of 16 and 24 who are neither in school nor employed — pursue their education, prepare for future careers and grow into community leaders, building brighter futures for themselves and their neighborhoods. YouthBuild USA is the nonprofit support center for a network of more than 275 local YouthBuild programs across the United States and around the world. Funds raised will advance YouthBuild USA's efforts to strengthen its programming; identify additional opportunities for impact at the local level, including through expanded career pathways; and drive innovation in education, workforce readiness, and leadership development for opportunity youth.

"Our new partnership with YouthBuild USA aligns nicely with our renewed community giving approach," said Michael O'Sullivan, CEO, Burlington Stores. "As we continue to evolve and grow as a discount retailer best known for extraordinary values on brand name merchandise, teaming up with this strategic charitable partner will allow us to add value by empowering young people in our local communities nationwide to live better lives and build better futures."

"Many young people come to YouthBuild looking for a second chance — others come looking for their very first real chance at professional and personal success. No matter where they are in their journey, we stand with them as they build the skills and resources they need to thrive," said John Valverde, president and CEO, YouthBuild USA. "We are so grateful for our partnership with Burlington, which will help strengthen YouthBuild USA and our entire network as we meet these young people with knowledge, tools, opportunities and love."

Now through May 15, 2023, donate at any Burlington store nationwide to empower young people in local communities nationwide. To find a store near you, visit www.Burlington.com. To learn more about YouthBuild, visit YouthBuild.org.

ABOUT BURLINGTON STORES, INC.   
Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2022 net sales of $8.7 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol "BURL." The Company operated 927 stores as of the end of Fiscal 2022, in 46 states and Puerto Rico, principally under the name Burlington Stores. The Company's stores offer an extensive selection of in-season, fashion-focused merchandise at up to 60% off other retailers' prices, including women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. For more information about the Company, visit www.burlington.com.  

ABOUT YOUTHBUILD
With love and respect, YouthBuild partners with opportunity youth to build the skillsets and mindsets that lead to lifelong learning, livelihood, and leadership. At more than 275 YouthBuild programs across the United States and around the world, students reclaim their education, gain job skills, and become leaders in their communities. To date, YouthBuild has partnered with more than 180,000 young people to dedicate over 50 million hours of service benefitting urban, rural, and tribal communities. YouthBuild strives to create a world where all young people are seen for their potential, and power to transform themselves and their communities. YouthBuild USA — the support center for the YouthBuild movement — strengthens YouthBuild programs through technical assistance, leadership development, innovative program enhancements, and advocacy. YouthBuild programs located outside of the United States are supported by YouthBuild USA's international division, YouthBuild International. For more information about the YouthBuild movement, YouthBuild USA, and YouthBuild International, visit YouthBuild.org. 

Media Contact: 
Sarina Tracy
Northwind Strategies
sarina@northwindstrategies.com 

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SOURCE YouthBuild USA

FAQ

What is Burlington Stores' new initiative with YouthBuild USA?

Burlington Stores has launched a fundraising campaign where customers can round up purchases to support YouthBuild USA, focusing on youth education and workforce readiness.

When does the Burlington fundraising campaign end?

The fundraising campaign at Burlington Stores runs until May 15, 2023.

How much did Burlington Stores earn in net sales for fiscal 2022?

Burlington Stores reported net sales of $8.7 billion for fiscal 2022.

How many stores does Burlington operate?

Burlington operates 927 stores across 46 states and Puerto Rico.

What age group does YouthBuild USA target?

YouthBuild USA targets young adults aged 16 to 24 who are not in school or employed.