Burlington Stores, Inc. is one of the largest off-price retailers in the United States, selling brand-name apparel, footwear, accessories, baby gear, and home goods at prices well below full-price department stores. Founded in 1972 as Burlington Coat Factory, the company built its business on opportunistically buying excess and closeout merchandise from thousands of vendors and passing the savings to shoppers through a rotating, treasure-hunt assortment. Headquartered in Burlington, New Jersey and trading on the NYSE under the ticker BURL, it operates more than 1,200 stores and is pursuing an aggressive small-format expansion toward a long-term target of 2,000 doors.
Albert Wang is the co-founder and CEO of PatPat, a direct-to-consumer children's and family apparel brand he built from a mobile app in 2014 into a global platform serving 21 million customers across 140 countries. A Carnegie Mellon-trained engineer and former Oracle founding member, Wang spotted the gap in affordable, stylish kids' clothing when he and his co-founder Ken Gao both became fathers the same year. PatPat has raised over $465 million in funding, including a $160 million Series D2 from SoftBank Vision Fund 2 in 2021, and has pioneered innovations like Go-Glow light-up apparel technology.