Burlington Stores is moving its headquarters to Philadelphia
Inquirer.com • • business
Key Points:
- Burlington Stores is relocating its corporate headquarters from Burlington Township, South Jersey, to Philadelphia, purchasing property at 3151 Market St. in the Schuylkill Yards development.
- The company plans to invest $370 million in the move and will receive $30 million in state grants, a $7 million forgivable loan, and a job-creation tax credit from Philadelphia.
- The relocation is expected to create at least 2,000 new jobs over the next five years, with discounted commuter benefits offered to employees through SEPTA and the Philadelphia Parking Authority.
- Burlington has expanded significantly, operating 1,300 stores across 47 states and reporting a 21% increase in net income and a 9% rise in sales last year, partly due to effective tariff responses.
- The move is described by Governor Josh Shapiro as the largest headquarters relocation to Philadelphia in years, highlighting the city's appeal in terms of energy, talent, and infrastructure.
