York, PA–Bon-Ton Stores has narrowed its net loss slightly in the second quarter. Net loss in the second quarter narrowed to $36.19 million, or $1.86 a share, from $37.33 million, or $195 a share in the previous year. The 2013 results included $3.9 million of debt extinguishment costs associated with …
Bon-Ton Stores to Launch Annual Charge Against Breast Cancer
Milwaukee, WI—The Bon-Ton Stores, Inc. which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, will kick off its annual trademarked program, Charge Against Breast Cancer, October Pink Shops on September 17. The program will run in all 262 Bon-Ton Department stores throughout the month of October, National …
Week in Review: What You Missed…
New York—Spring is just around the corner—we hope. And not just because we’re all tired piling on layers each day and suffering from “hat hair” from having to wear heavy knit caps all the time. Like most economists and retailers agree, spring is likely to see a growth spurt in …
Bon-Ton Q4 Profit Down; CEO to Depart
York, PA—Bon-Ton Stores today reported a 17.6% drop in its fourth quarter profit but narrowed its loss for 2013. The department store company also revealed that President/CEO Brendan Hoffman would step down when his contract expires in February 2015. Saying that his departure was for “strictly personal reasons,” Hoffman said …
Bon-Ton Stores Narrowed Q3 Loss Beats Estimates
York, PA—The Bon-Ton Stores reported today a narrowed third quarter loss less than $1 million and well below analysts’ expectations. For the quarter ended Nov. 2, the owner of Boston Store, Younker’s, Bon-Ton, Carson’s, Elder-Beerman and Herberger’s posted a loss of $931,000, or 5 cents a share, compared with a …
Bon-Ton Narrows Q2 Loss, But Sales Softened
York, PA—Bon-Ton Stores Inc. today posted a narrowed second quarter loss despite its sales being hindered by bad weather and rising gas prices. For the quarter ended August 3, the parent to Boston Store, Younkers, Bergner’s, Carson’s, Elder-Beerman and Herberger’s posted a net loss of $37.3 million, or $1.95 a …
Bon-Ton Narrows Q1 Loss With Higher Sales, Lower Markdowns
York, PA—Bon-Ton Stores has seen its first-quarter losses narrow, boosted by higher sales and fewer markdowns. The company, which operates 272 stores, said Thursday its net loss was $26.6 million, or $1.41 a share, for the quarter ending May 4, compared to a loss of $40.8 million, or $2.23 a …
Bon-Ton Stores Q1 Sales Rise
York, PA– Bon-Ton Stores has reported Monday a slight increase in first-quarter sales, despite the impact of unfavourable weather conditions and cooler temperatures. Total sales climbed 1% to $646.9 million from $640.8 million in the same period last year, while comparable store sales rose 1.2%. “We are pleased with our …
Bon-Ton Stores Q4 Profit Beats Market Estimates
York, PA—The Bon-Ton Stores Inc. reported today a lower fourth quarter profit and wider fiscal year loss, but the department store company’s earnings still beat analysts’ estimates. For the quarter ended Feb. 2, the parent company of Boston Store, Carson’s, Elder-Beerman and other department stores said net income was down …
Bon-Ton Runs Healthy Heart Campaign
Milwaukee, WI—It’s February and hearts are everywhere. Whether one is practically bursting with love or could use a little repair, Bon-Ton wants to take good care of it. Bon-Ton and the American Heart Association are partnering up this month to create the “Promise to Love Your Heart” campaign, providing customers …
Good Tidings: December Comp Sales Better Than Expected
New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …
Bon-Ton Narrows Q3 Loss on Improved Sales
York, PA—Bon-Ton Stores, Inc. reported Thursday that it narrowed its third quarter loss by 54% with improved sales in better-balanced assortments. For the quarter ended Oct. 27, the operator of Boston Store, Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers posted a new loss of $10.14 million, …
October Retail Comps Up; Sandy Effects Yet to be Felt
New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …
September Retail Comp Sales: Solid, not Stellar
New York–With their back-to-school sales in their final month, and gearing up for fall and holiday merchandise, retailers reported today that their September comparable sales were solid, but not stellar. Retail analysts take a close look at comparable store sales, or comp sales, as a key retail performance metric to …
Bon-Ton Eliminates COO Position
People
York, PA and Milwaukee, WI–Bon-Ton Stores Inc. has eliminated the position of chief operating officer and dismissed the person who currently holds the job, the department store disclosed in a regulatory filing last Friday. Bon-Ton said COO Barbara J. Schrantz would be terminated as an employee on Sept. 14. Schrantz …
Bon-Ton Q2 Loss Widens, “Encouraged” on Sales
York, PA–Bon-Ton Stores Inc. today reported that its second quarter loss widened as sales edged downward. For the quarter ended July 28, Bon-Ton reported a loss of $45 million, or $2.43 a share, compared with a loss of $32.3 million, or $1.78 a share, a year earlier. The most-recent quarter …
July Retail Comp Sales Give Surprising Results
New York—Credit the stifling temperatures in many parts of the nation that sent consumers indoors seeking refuge in the cool of retail stores, an increase in clearance sales or even early back to school bargain hunters, whatever the reason cited by economists, July beat comparable store sales estimates. Normally one …
A “Volatile” June Makes for Disappointing Sales Comps
New York—A combination of bad weather mixed with “stagnant” macroeconomic pressures created a recipe for a disappointing June at retail. According to Thomas Reuters’ survey of 20 leading retailers, June comparable store sales rose a mere 0.2%, missing analysts’ estimate for a 0.5% increase. “Volatility is the word that best …
Bon-Ton Q1 Loss Widens, Lowers Forecast
York, PA—Bon-Ton Stores Inc. today lowered its full year forecast as its first quarter loss widened and sales slumped amid a turnaround strategy. For the quarter ended April 28, Bon-Ton Stores posted a net loss of $40.78 million, or $2.23 a share, versus a loss of $36 million, or $2.01 …
April Retail Comp Sales: Worst in 2 Years
New York—After better-than-expected comparable store sales results in February and March, April disappointed. In fact, comparable store sales were the worst since November 2009. Today’s April results even missed analysts’ average estimate for a conservative 1.5% increase. In its tally of 20 retailers, Thomson Reuters found sales increased a mere …
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