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The Bon-Ton Stores holiday sales up 3.8 percent

Business |REPORT

The Bon-Ton Stores holiday sales up 3.8 percent

By Prachi Singh

20 Jan 2015

The Bon-Ton Stores has announced that its comparable store sales for the nine-week holiday period ended January 3, 2015 increased 5.3 percent. Total sales for the combined months of November and December were 796.4 million dollars, a 3.8 percent increase over sales of 767.4 million dollars in the prior year nine-week holiday period.

Commenting on the update, Kathryn Bufano, President and Chief Executive Officer, said, “We are pleased with our sales performance during the holiday season as customers responded well to both in-store and online offerings. However, our strong sales performance was tempered by the highly promotional sales environment. With the caveat of numerous important year-end closing items outstanding, we are lowering our full-year adjusted EBITDA guidance to a range of 140 million dollars to 150 million dollars from our previously provided adjusted EBITDA range of 150 million dollars to 160 million dollars.”

The company will provide additional details on March 12, 2015 when it reports its results for the fourth quarter and fiscal 2014 periods ending January 31, 2015.