Major retail store relocates HQ after 50 years in N.J., invests $370M

Live updates

1. 10d ago

   Burlington Stores moves HQ to Philadelphia after 50 years in NJ

   Burlington Stores is relocating its headquarters and 2,000 employees from New Jersey to Philadelphia, investing $370M in the move. The company, a major retail store, has been in New Jersey for 50 years. The relocation plan was touted by Pennsylvania Governor and Philadelphia mayor. The move has sparked a political firestorm in New Jersey with blame and backlash.

   Why it matters

   The relocation of Burlington Stores' headquarters marks a significant change for the company and the state of New Jersey, which is losing a major employer. The move to Philadelphia brings new economic opportunities for Pennsylvania. The $370M investment shows the scale of the relocation.

   What is confirmed

   • Burlington Stores is moving its headquarters to Philadelphia
   • The company will relocate 2,000 employees to Philadelphia
   • Burlington Stores will invest $370M in the move
   • The company has been in New Jersey for 50 years

   What to watch next

   • Reaction from New Jersey officials and residents
   • Details on the timeline of the relocation
   • Economic impact on Philadelphia and Pennsylvania
   Sources used for this update (6)

   1. Inquirer.com — Burlington Stores is moving its headquarters to Philadelphia
   2. WHYY — New Jersey clothing retailer Burlington will relocate its headquarters and 2,000 employees to Philadelphia
   3. nbcphiladelphia.com — Pa. Gov, mayor tout $370M plan to move Burlington Stores HQ to Philly
   4. Yahoo Finance — Major retail store walking away from N.J. after 50 years in a stunning $370 million move
   5. NJ.com — A $370M political firestorm: Inside the furious backlash of blame for Burlington’s move from N.J.
   6. NJ.com — Major retail store relocates HQ after 50 years in N.J., invests $370M
   confidence 100%