Tuesday, January 16, 2018

Bon-Ton bankruptcy could be 'imminent'

Retail Dive

This year's holiday season was critical for Bon-Ton as it struggled to shore up its finances and missed a multimillion dollar interest payment. But the retailer came up woefully short.

Bon-Ton this week said its comparable store sales fell by 2.9% during the holiday period. Total sales also dropped, to $752.1 million, down more than 4% from the year-ago period. At the same time, other department store retailers — including Kohl's, J.C. Penney and Macy's — reported much-needed sales increases for November and December. . . .more

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