Burlington vs Canon: Founders, CEOs and History
Burlington was founded in 1972 by Monroe Milstein and is led by Michael O'Sullivan. Canon was founded in 1937 by Takeshi Mitarai, Goro Yoshida, Saburo Uchida and is led by Fujio Mitarai.
Company facts
Burlington
- Founded
- 1972
- Headquarters
- Burlington, New Jersey
- Current CEO
- Michael O'Sullivan
- Employees
- 83,309
Canon
- Founded
- 1937
- Headquarters
- Ota, Tokyo, Japan
- Current CEO
- Fujio Mitarai
- Employees
- 165,547
Founders
Burlington
Monroe Milstein
Monroe G. Milstein grew up in his family's wholesale outerwear business in New York.
Canon
Takeshi Mitarai
Takeshi Mitarai supported the camera laboratory that Goro Yoshida, Saburo Uchida and Takeo Maeda opened in 1933, and became president of its successor, Precision Optical Industry, Co., Ltd., in 1942.
Goro Yoshida
Yoshida took apart a Leica Model II and, as he later recalled, was angered to find it was built from brass, aluminium, iron and rubber yet sold for 420 yen.
Saburo Uchida
Saburo Uchida (1899-1982) co-founded the Precision Optical Instruments Laboratory with Goro Yoshida, his brother-in-law, and Takeo Maeda in November 1933.
Takeo Maeda
Takeo Maeda (1909-1977) was the youngest of the founding group. A former subordinate of Saburo Uchida, he joined Uchida and Goro Yoshida in opening the Precision Optical Instruments Laboratory in Roppongi in November 1933 and worked on the Kwanon prototype and…
CEOs and their tenures
Burlington
- Monroe Milstein1972–2006
Founder and Chief Executive Officer
Milstein opened the first Burlington Coat Factory in Burlington, New Jersey, in 1972, broadened it from discount coats into year-round family apparel, shoes, baby and home goods, and took it public in 1983.
Source - Mark Nesci2006–2008
Chief Executive Officer
A 37-year Burlington veteran, Nesci became CEO in 2006 after Bain Capital took the company private for about $2.06 billion. He retired in December 2008, remaining an equity investor and senior adviser to the board.
Source - Tom Kingsbury2008–2019
President and Chief Executive Officer
A former Kohl's senior executive, Kingsbury was hired by Bain Capital in December 2008 to revamp buying, inventory management and the supply chain.
Source - Michael O'Sullivan2019–present
Chief Executive Officer
O'Sullivan joined from Ross Stores, where he spent 16 years and finished as president and COO, and became CEO around September 16, 2019.
Source
Canon
- Takeshi Mitarai1942–1974
President
An obstetrician who backed the 1933 camera laboratory, he became president of Precision Optical Industry in 1942 and led the company as it became Canon Camera Co. in 1947, listed in Tokyo in 1949 and opened sales offices in New York and Geneva in the 1950s.
Source - Ryuzaburo Kaku1977–1989
President, later Chairman
As President, he aggressively challenged Xerox's monopoly in the copier market by introducing affordable, personal laser printers and copiers.
Source - Fujio Mitarai1995–present
Chairman and Chief Executive Officer
Born in 1935 and a nephew of Takeshi Mitarai, he joined Canon in 1961, ran Canon U.S.A. as president from 1979 to 1989 and became president of Canon Inc. in 1995.
Source - Tsuneji Uchida2006–2012
President and Chief Operating Officer
During his tenure as President, he maintained strong profitability through strict cost-cutting measures despite the brutal collapse of the digital compact camera market.
Source - Masaya Maeda2016–2020
President and Chief Operating Officer
He led the Image Communication Products group during the height of the DSLR era, cementing Canon's position as the global market leader in interchangeable lens cameras.
Source - Kazuto Ogawa2026–present
President and Chief Operating Officer
Joined Canon in 1981 and led Canon Singapore (2005), Canon Canada (2008) and Canon U.S.A. as President and COO (2018).
Source
Timeline: Burlington and Canon side by side
1933Canon
Precision Optical Instruments Laboratory opens
Goro Yoshida, Saburo Uchida and Takeo Maeda open a camera laboratory in a Roppongi apartment in Tokyo to build a Japanese 35mm camera that could rival the Leica.
1934Canon
Kwanon prototype
Yoshida builds the Kwanon, Japan's first 35mm focal-plane-shutter camera prototype, named after the Buddhist goddess of mercy. It never goes on sale.
1936Canon
Hansa Canon goes on sale
The lab's first commercial camera, the Hansa Canon, uses a Nikkor lens and rangefinder supplied by Nippon Kogaku, the predecessor of Nikon. The 'Canon' trademark had been filed in 1935.
1937Canon
Precision Optical Industry incorporated
The business is incorporated on August 10, 1937 as Precision Optical Industry, Co., Ltd. Takeshi Mitarai becomes president in 1942.
1949Canon
Tokyo Stock Exchange listing
Canon Camera Co. (renamed in 1947) lists on the Tokyo Stock Exchange when postwar trading resumes, and opens a New York branch in 1955.
1964Canon
Canola 130 calculator
Canon moves beyond cameras with the Canola 130 desktop electronic calculator, followed in 1970 by Japan's first plain-paper copier, the NP-1100, and its first semiconductor lithography tool, the PPC-1.
1969Canon
Renamed Canon Inc.
Canon Camera Co. changes its name to Canon Inc. to reflect a product range that now spans business machines as well as cameras.
1972Burlington
Burlington Coat Factory opens
Monroe Milstein bought a coat outlet in a former factory building in Burlington, New Jersey, and sold brand-name coats at discount prices, the start of Burlington Coat Factory.
1983Burlington
First public offering
Burlington Coat Factory Warehouse Corporation went public for the first time, funding expansion from a regional discounter into a national chain with year-round apparel, shoes, baby and home departments.
1987Canon
EOS system launches
Canon launches the EOS 650 and the all-electronic EF lens mount, the base of its autofocus SLR and later digital SLR lines.
1989Burlington
Cohoes Specialty Stores acquired
Burlington bought the Cohoes Specialty Stores off-price chain from upstate New York, including a 50 percent stake in the Cohoes Commons building; a few stores still traded as Cohoes Fashions decades later.
1995Canon
Fujio Mitarai becomes president
Fujio Mitarai takes over as president, exits personal computers and other loss-making lines, and in 1996 starts the Excellent Global Corporation Plan.
2003Canon
Start of No. 1 camera share run
Canon takes the No. 1 share of the global interchangeable-lens digital camera market, a position it has held every year through 2025.
2006Burlington
Bain Capital takes Burlington private
Bain Capital acquired Burlington Coat Factory for about $2.06 billion, ending 34 years of Milstein family control. Long-time executive Mark Nesci became chief executive.
2008Burlington
Tom Kingsbury named CEO
Former Kohl's executive Thomas Kingsbury became president and CEO in December 2008, succeeding Mark Nesci, and began overhauling buying, inventory management and the supply chain.
2013Burlington
Return to the stock market
Burlington Stores priced its IPO on October 2, 2013, selling 13.3 million shares at $17 each for about $226 million, and listed under the ticker BURL.
2016Canon
Toshiba Medical acquisition
Canon completes the ¥665.5 billion (about $5.9 billion) purchase of Toshiba Medical Systems in December 2016, later renamed Canon Medical Systems.
2018Canon
EOS R mirrorless system
Canon launches the full-frame EOS R mirrorless system and RF lens mount.
2019Burlington
Michael O'Sullivan becomes CEO
Former Ross Stores president and COO Michael O'Sullivan succeeded Tom Kingsbury as CEO around September 16, 2019, and later launched the Burlington 2.0 plan of leaner inventories and smaller stores.
2020Burlington
Online sales end and stores close for the pandemic
On March 5, 2020, Burlington said it would shut its e-commerce business. Days later pandemic lockdowns closed its stores, and fiscal 2020 revenue fell to $5.76 billion with a $216.5 million net loss.
2023Burlington
Bed Bath & Beyond leases
Burlington won 44 Bed Bath & Beyond leases for $12 million at the June 2023 bankruptcy auction, the largest share of the 109 sold, and later reported 62 former Bed Bath & Beyond leases in total.
2023Canon
Nanoimprint lithography launch
Canon releases the FPA-1200NZ2C nanoimprint lithography system in October 2023, able to pattern 14 nm lines, and delists its ADRs from the New York Stock Exchange in March.
2024Canon
First NIL shipment and medical impairment
Canon ships its first nanoimprint system to the Texas Institute for Electronics on September 26, 2024, and books a ~$1.11 billion (¥165.1 billion) goodwill impairment on its medical business for the year.
2025Burlington
Joann leases
After Joann's second bankruptcy, Burlington agreed in April 2025 to take over 45 Joann store leases, many of which became part of its fiscal 2026 opening program.
2025Canon
Record net sales of ~$31 billion (¥4,624.7 billion)
Canon reports record 2025 net sales of ~$31 billion (¥4,624.7 billion) and net income attributable to Canon Inc. of ~$2.23 billion (¥332.1 billion).
2026Burlington
Record fiscal 2025 results
Burlington reported fiscal 2025 total revenue of $11.57 billion and net income of $610.2 million, and ended the year on January 31, 2026, with 1,212 stores.
2026Burlington
Tariff refunds put into prices
In the second quarter of fiscal 2026, sales rose 11 percent to $2.998 billion. Burlington received $55 million in tariff refunds and said it would reinvest them in lower prices; the store count reached 1,287.
2026Burlington
Headquarters move to Philadelphia announced
On September 3, 2026, Burlington said it will invest $370 million to move its headquarters from Burlington Township, New Jersey, to Schuylkill Yards in Philadelphia, in phases from late 2028 or early 2029.
2026Canon
Phase VII plan and new president
Canon unveils its 2026-2030 Phase VII plan, merges Canon Medical's operations into Canon Inc. on April 1, and appoints Kazuto Ogawa President and COO on March 27 while Fujio Mitarai stays Chairman and CEO.
Acquisitions
Burlington
- Joann store leases2025Undisclosed
- Bed Bath & Beyond store leases2023$12M
- Burlington Coat Factory (taken private by Bain Capital)2006$2.1B
- Cohoes Specialty Stores (Cohoes Fashions)1989Undisclosed
Canon
- Canon Electronics (minority shares)2026Undisclosed
- Redlen Technologies2021$335M
- BriefCam2018Undisclosed
- Kite2017Undisclosed
- Toshiba Medical Systems2016$5.9B
- Axis Communications2015$2.8B
Questions about Burlington vs Canon
Who is the CEO of Burlington Stores, Inc. and Canon Inc.?
Burlington Stores, Inc. is led by Michael O'Sullivan and Canon Inc. is led by Fujio Mitarai. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Burlington Stores, Inc. founded vs Canon Inc.?
Canon Inc. was founded in 1937 — 35 years before Burlington Stores, Inc., which was founded in 1972. Canon Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Burlington Stores, Inc..
How many employees does Burlington Stores, Inc. have compared to Canon Inc.?
Burlington Stores, Inc. employs approximately 83,309 people, while Canon Inc. employs approximately 165,547. Canon Inc. has the larger workforce at 165,547 employees, compared to Burlington Stores, Inc.'s 83,309. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Burlington Stores, Inc. and Canon Inc. headquartered?
Burlington Stores, Inc. is headquartered in United States and Canon Inc. is headquartered in Japan. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Burlington Stores, Inc. and Canon Inc.?
Burlington Stores, Inc. was founded by Monroe Milstein. Canon Inc. was founded by Takeshi Mitarai, Goro Yoshida, Saburo Uchida, Takeo Maeda.
Which company has a longer operating history — Burlington Stores, Inc. or Canon Inc.?
Canon Inc. has been operating for approximately 89 years, making it the more established of the two companies. Burlington Stores, Inc. has been in operation for around 54 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Burlington vs Canon overview