Burlington Stores is moving its headquarters to Philadelphia
The discount retailer, long based in South Jersey, plans to invest $370 million in the move, and is set to receive another $30 million in state grants.
Burlington Stores, the discount retailer long headquartered in South Jersey, is moving its home base to Philadelphia.
The company is buying property at 3151 Market St., an office and lab building in Brandywine Realty Trust’s Schuylkill Yards development, where it will set up its new headquarters, according to an announcement from Gov. Josh Shapiro’s administration.
The governor called the move “the largest headquarters relocation to the city in years.”
Burlington has been based in its namesake Burlington Township since it opened its first store there in 1972.
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 from the city.
“We are very excited to be relocating our corporate headquarters to Philadelphia,” Burlington CEO Michael O’Sullivan said in a statement. “We 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.”
The relocation will create at least 2,000 new jobs in the next five years, commonwealth officials said, and SEPTA and the Philadelphia Parking Authority will offer Burlington employees “deeply discounted” commuter benefits.
As of last year, about 4,700 people worked at Burlington’s corporate campus and warehouses in Burlington County, with another 2,100 employed in Philly-area stores.
As more consumers, including higher-income shoppers, flock to discount retailers, Burlington has been expanding. As of August, it operated 1,300 stores in 47 states, including dozens in the Philadelphia region.
The chain’s growth has paid off, with a 21% increase in net income and a 9% jump in sales last year.
In an earnings call, O’Sullivan attributed those numbers to the company’s tariff response, which included inventory reductions, price increases on certain items, and an aggressive cutting of expense.
» READ MORE: Burlington Stores had a great 2025. The CEO credits its tariff response.
Burlington has continued to report strong earnings in the first half of 2026, with a boost from $55 million in tariff refunds, which O’Sullivan said they plan to put toward more markdowns for customers.
Shapiro, Mayor Cherelle Parker, O’Sullivan, and Brandywine Realty Trust CEO Jerry Sweeney are set to discuss the move at a 10 a.m. news conference at Schuylkill Yards.
This is a developing story and will be updated.
