Bon-Ton lowers FY17 outlook, to shut 40 stores in 2018

Comparable store sales at Bon Ton Stores in the third quarter of fiscal 2017 decreased 6.6 percent, which the company attributed to unseasonably warm weather. Total sales in the period also decreased 7.6 percent to 545.3 million dollars compared with 589.9 million dollars in the third quarter of fiscal 2016.