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urlington is poised to expand its presence in the US retail market after acquiring over a dozen real estate leases from Conn's, a furniture and appliance retailer that filed for bankruptcy. The New Jersey-based department store has purchased 15 leases across five states, including 10 in Texas, with a total acquisition cost estimated at around $7 million.

    This move is part of Burlington's broader growth strategy, which aims to open over 100 stores per year for the next five years. The company has already capitalized on the closure of Bed Bath & Beyond, acquiring 64 of its former leases after the home goods retailer shut down nearly 900 locations following bankruptcy.

    As other big-box retailers file for bankruptcy, including Big Lots and 99 Cents Only, Burlington is positioning itself to take advantage of the shifting retail real estate landscape. Conn's, which was founded in 1890, held 553 retail stores, 22 distribution centers, and six corporate offices before filing for bankruptcy.

    The acquired leases include properties in Texas cities such as Amarillo, Dallas, El Paso, Laredo, McCallen, San Antonio, and Texas City, as well as locations in Arizona, Nevada, North Carolina, Florida, and other states. This expansion is likely to further solidify Burlington's position in the US retail market.