Listen to article \u2022\u00a00:00 min<\/p>\n
Burlington Stores, the discount retailer long headquartered in South Jersey, is moving its home base to Philadelphia. <\/p>\n
The company is buying property at 3151 Market St., an office and lab building in Brandywine Realty Trust\u2019s Schuylkill Yards<\/a> development, where it will set up its new headquarters, according to an announcement from Gov. Josh Shapiro<\/a>\u2019s administration. <\/p>\n The governor called the move \u201cthe largest headquarters relocation to the city in years.\u201d<\/p>\n Burlington has been based in its namesake Burlington Township since it opened its first store there in 1972.<\/a> <\/p>\n The retailer plans to invest $370 million in its move to Philadelphia, according to Pennsylvania officials, and is set to receive another $30 million in state grants, as well as a $7 million forgivable loan and a job-creation tax credit<\/a> from the city. <\/p>\n \u201cWe are very excited to be relocating our corporate headquarters to Philadelphia,\u201d Burlington CEO Michael O\u2019Sullivan said in a statement. \u201cWe are one of the fastest growing retailers in America, and as we evaluated different options for our new corporate home, we were strongly attracted to the energy, talent, and infrastructure that Philadelphia has to offer.\u201d<\/p>\n The relocation will create at least 2,000 new jobs in the next five years, commonwealth officials said, and SEPTA<\/a> and the Philadelphia Parking Authority<\/a> will offer Burlington employees \u201cdeeply discounted\u201d commuter benefits.<\/p>\n As of last year, about 4,700 people worked at Burlington\u2019s corporate campus<\/a> and warehouses in Burlington County<\/a>, with another 2,100 employed in Philly-area stores. <\/p>\n As more consumers, including higher-income shoppers, flock to discount retailers<\/a>, Burlington has been expanding. As of August, it operated 1,300 stores in 47 states, including dozens in the Philadelphia region. <\/p>\n The chain\u2019s growth has paid off<\/a>, with a 21% increase in net income and a 9% jump in sales last year. <\/p>\n In an earnings call, O\u2019Sullivan attributed those numbers to the company\u2019s tariff response<\/a>, which included inventory reductions, price increases on certain items, and an aggressive cutting of expense. <\/p>\n \u00bb READ MORE: Burlington Stores had a great 2025. The CEO credits its tariff response.<\/a><\/p>\n Burlington has continued to report strong earnings in the first half of 2026, with a boost from $55 million in tariff refunds<\/a>, which O\u2019Sullivan said they plan to put toward more markdowns for customers.<\/p>\n