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Monroe Milsten, Founder of Burlington Coat Factory, Dies at 98
Burlington Coat Factory exterior. Photo: Flickr
Monroe Milstein, the enterprising businessman who transformed a modest New Jersey coat store into the national retail powerhouse Burlington Coat Factory, passed away earlier this month at the age of 98 from dementia.
Monroe Gerald Milstein was born on Jan. 14, 1927, in the Bronx, New York, to his mother, Ann Milstein, and father, Abe Milstein — founder of Amherst Fashions. When Monroe was 11, the family moved to Manhattan. He graduated from DeWitt Clinton High School in the Bronx and earned a bachelor’s degree in business from New York University in 1946.
In 1949, Milstein married Henrietta Haas, an elementary school teacher who had fled the Holocaust. Henrietta later played an integral role in shaping Burlington’s children wear division. She passed away in 2001.
In 1972, Milstein and his wife purchased a defunct factory in Burlington, New Jersey, for $675,000 with the goal of transforming it into a retail destination. The venture became Burlington Coat Factory, selling discounted designer and brand-name coats for women, men, and children. Eventually, the store’s offerings grew to include home linens, menswear, baby clothes, and shoes, laying the foundation for a nationwide retail empire.
Three years after the initial purchase, Burlington Coat Factory opened its second location in Copiague, Long Island. According to Family Business Magazine, Milstein’s eldest son, Lazar, was the store manager and, as an Orthodox Jew, would not open the store on Saturdays, the Jewish Sabbath.
In 1982, Milstein shut down Burlington’s wholesale operations and reoriented the company’s focus entirely to discount retail. Just a year later, in 1983, he took the company public when it operated only 32 stores — injecting the capital needed to fuel a rapid retail expansion.
In 2006, Bain Capital bought the company for $2.06 billion, with the Milstein family cashing out its stake for $1.3 billion. Milstein exited the business., and two of his sons, Andrew and Stephen, continued in executive positions for a period. The company returned to the public market in 2013.
“I’m a very average fella,” Milstein said on his 80th birthday regarding his business ventures. “I got lucky.”
During Milstein’s tenure, Burlington Coat Factory carved out a niche in the retail world by delivering brand-name goods at significant discounts. By the early 2000s, when he transitioned out of day-to-day management, the business had evolved into a national chain with hundreds of stores and a customer base numbering in the millions annually.
Burlington has grown to become the third-largest off-price retail chain in the US, following industry leaders TJX Companies (which operates TJ Maxx and Marshalls) and Ross Stores. Today, Burlington operates around 1,100 locations across the US, raking in roughly $10.6 billion in sales over the past 12 months.
He is survived by his children, grandchildren, and great-grandchildren, many of whom continue to carry forward his values of hard work and integrity.
The post Monroe Milsten, Founder of Burlington Coat Factory, Dies at 98 first appeared on Algemeiner.com.
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Hostage Deal talks Stalled as Hamas Rejects New Israeli Framework – Report
US President Donald Trump and Qatar’s Emir Tamim bin Hamad Al Thani attend a signing ceremony in Doha, Qatar, May 14, 2025. Photo: REUTERS/Brian Snyder
i24 News – i24NEWS’s diplomatic affairs correspondent, Amichai Stein, reported Sunday evening that negotiations over a potential hostage deal have hit a standstill.
According to political sources, “the negotiations are stalled, Hamas is refusing the new framework presented by Israel.”
Throughout the day, no direct negotiation meetings were held. Instead, the small security cabinet is set to convene this evening to discuss the state of the talks.
There is also speculation of a potential meeting between Qatari Emir Tamim bin Hamad Al Thani and US President Donald Trump to address the impasse and broader regional dynamics.
In parallel, Arab diplomats have reportedly issued a warning to Israel regarding its plan to construct a “humanitarian city” in Gaza. According to sources, diplomats cautioned that the initiative could harm the fragile fabric of the Abraham Accords and inflame regional tensions.
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Iran: ‘Israel Will Pay the Price’ for Allegedly Trying to Kill Pezeshkian
Iranian President Masoud Pezeshkian delivers a speech during the National Army Day parade ceremony in Tehran, Iran, April 18, 2025. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
i24 News – Iranian President Masoud Pezeshkian was slightly injured in the leg during an Israeli airstrike, according to a report on Sunday by the Iranian news agency Fars, prompting Iran to launch a widespread probe to root out suspected moles that infiltrated the Islamic Republic’s highest ranks.
Al Jazeera cited an unnamed Iranian official who said, “The assassination attempt on President Pezeshkian will not go unanswered – Israel will pay the price.”
According to Fars, which has ties to the Islamic Revolutionary Guard Corps, the attack took place on the morning of Monday, June 16, while a meeting of the Supreme National Security Council was held on the lower floors of a building in western Tehran. In addition to the Iranian president, Speaker of Parliament Mohammad Baqer Qalibaf, the head of the judiciary Mohseni Ajei, as well as other senior regime officials were attending this meeting.
Six bombs or missiles targeted the entry and exit points of the building in order to block evacuation routes and disrupt air circulation, the report said. This operation is said to have been inspired by the elimination of Hezbollah leader Hassan Nasrallah in Beirut last year. Following the explosions, power was cut on that floor, but the leaders managed to escape through an emergency exit prepared in advance.
Pezeshkian and several other officials sustained minor leg injuries during the evacuation, according to the agency. Given the accuracy of the information used in the attack, the media outlet reports that authorities are investigating the possibility of collaboration with Israel.
Official confirmation and reactions
A few days earlier, a high-ranking military leader in the Revolutionary Guards, Mohsen Rezaei, had stated on state television that Israel had “attacked six locations where the Supreme National Security Council had gathered, but none of its members had suffered even minor injuries.”
Pezeshkian had previously accused Israel of having attempted to assassinate him. “They tried, yes,” he told American journalist Tucker Carlson during an interview last week. “They acted accordingly, but they failed.”
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Hezbollah Violates Ceasefire 7 Times a Day on Average, IDF Figures Show
A drone view of buildings in Lebanon, next to the Israel-Lebanon border, following the ceasefire between Israel and Iran-backed terror group Hezbollah, as seen from Metula in northern Israel, Dec. 2, 2024. Photo: REUTERS/Ilan Rosenberg
i24 News – The Shiite jihadists of Hezbollah violate the ceasefire agreement with Israel more than seven times a day on average, according to Israel Defense Forces data obtained by i24NEWS and made public for the first time on Saturday.
Israel has flagged upward of 1,200 violations by Hezbollah in its report to the US-led five-country monitoring panel tasked with supervising the implementation of the ceasefire agreement.
Of these, 650 violations were relayed to the Lebanese army for handling, while the rest of the times the IDF responded by attacking the violators.
The Lebanese army has identified 390 additional violations on its own initiative and filed a report saying that it had handled them.
Thus official data shows that the Lebanese army handled 52% of all violations, and 440 of the targets Israel flagged by Israel.
The majority of the infractions the Lebanese army manages to stem are concentrated in the south of the country.
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