Business
The Bon-Ton Stores, Inc. Provides Holiday Sales Update
The Bon-Ton Stores, Inc. Provides Holiday Sales Update.
About this update from Bonton Stores
[{"type":"text","content":"\n\n YORK, Pa., Jan. 08, 2018 (GLOBE NEWSWIRE) -- The Bon-Ton Stores, Inc. (OTCQX:BONT) today announced that its comparable store sales for the nine-week holiday period ended December 30, 2017 decreased 2.9%. Total sales for the nine-week November and December period were $720.8 million compared to sales of $752.1 million in the prior year period. The Company’s best performing categories over the period were Cosmetics, Children’s, Outerwear and Fine Jewelry.\n Bill Tracy, president and chief executive officer for The Bon-Ton Stores, Inc. said, “The Company’s holiday period comparable store sales decrease of 2.9% is an improvement from the comparable store sales decrease of 6.6% reported in the third quarter. We are actively engaged in discussions with our debt holders in an effort to strengthen our capital structure to support the business going forward.” About The Bon-Ton Stores, Inc.The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 260 stores, which includes nine furniture galleries and four clearance centers, in 24 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.  For further information, please visit http://investors.bonton.com.    Cautionary Note Regarding Forward-Looking Statements Certain information included in this release and in other communications made by the Company, including the Company’s fiscal 2017 guidance, contain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend,” or other similar expressions, involve imp...