This just in: Burlington Coat Factory (referred to as simply “Burlington” on their website) has leased the underground space now occupied by Big Lots located at 7th/Broadway. [Update 2/13/2014: Burlington has apparently leased the ground floor retail space as well above Big Lots totaling approximately 40,000 square feet.] The space is located under the Saint Vincent Jewelry Center, which was once the original Bullock’s flagship department store built in 1906. Apparently, Burlington will also take a smaller portion of the space above Big Lots on the street level for a total of 18,000 square feet. It is still unclear when Big Lots would vacate and when Burlington plans to open.
Burlington adds to a slew of new national and international retailers opening on Broadway with both high and low price points — from Acne Studios to Ross. Historically speaking, this is very much in line with the business mix during Broadway’s heyday in the past as a thriving shopping district where you would have the high-end, such as the posh Bullock’s department store, but you also had Woolworth (now occupied by Ross Dress for Less), which was considered a five-and-dime store.
Burlington started out in 1924 selling wholesale coats for ladies and juniors. Overtime, it evolved into its current iteration selling all lines of clothing styles for both men and women including designer brands like Vince Camuto, Nicole Miller, and London Fog. The national chain now has over 500 stores in 44 states.
Word on the street is that TJ Maxx — Burlington’s higher-end competition — is also looking for space downtown as well.