Sunday, September 23, 2012

Bon-Ton April same-store sales down, but tops outlook - The Business Journal of Milwaukee:

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percent and total sales for the perioddecreased 4.7 to $199.4 million. For Bon-Ton’d fiscal first quarter, comparable-stor e sales decreased 8.6 percent and total saleas decreased8 percent, to $644.5 million. April salez results slightly exceeded expectationsof Bon-Ton executives, said Tony the company’s Milwaukee-based vice chairman and president of The retailer’s inventory management resulted in a decreaser in comparable-store and clearance inventories of 11 percent and 16 respectively, he said. “Consequently, we are in a freshe r inventory position as compared with theprior year,” Buccina said.
Bon-Ton’s best-performing businesses were children’s, hard cosmetics and ladies’ moderate sportswear. The weakest-performingt businesses were furnitureand men’s better Buccina said. Bon-Ton is schedulee to release its financial results for the first quarter onMay 21. which is based in Pa., operates 280 stores, including 12 furniture galleries, under the Bon-Ton, Boston Store, Carson Pirie Scott, Herberger’s and Younkers nameplates and, in the Detroi t area, under the Parisian nameplate.

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