bon ton stores news and archive

Liquidators win the bid to close Bon-Ton stores

The Bon-Ton Stores, Inc. has announced that in an auction for the company's assets held pursuant to Section 363 of the US Bankruptcy Code, a joint venture composed of the holders of the company's 8 percent Second Lien Secured Notes due 2021 and Great American Group, LLC and Tiger Capital Group, LLC will acquire the inventory and certain other...

Business

Bon-Ton files for Chapter 11 bankruptcy protection

The Bon-Ton Stores announced on February 4, 2018 that the company has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The company added that it is currently in discussions with potential investors and its debt-holders regarding the terms of a financial restructuring...

Business

Bon-Ton Stores' comparable Christmas sales drop 2.9 percent

The Bon-Ton Stores has announced that its comparable store sales for the nine-week holiday period ended December 30, 2017 decreased 2.9 percent, while total sales for the period were 720.8 million dollars compared to 752.1 million dollars in the prior year period. The company said, its best performing categories over the period were cosmetics,...

People

Bon-Ton Stores promotes Chad Stauffer as President of merchandising

The Bon-Ton Stores has announced the promotion of Chad Stauffer to the position of President of merchandising and marketing, effective immediately. The company said, Stauffer will have responsibility of leading the company's merchandising, marketing and ecommerce strategy. Commenting on Stauffer's appointment, Bill Tracy, the company’s President...

Business

Bon-Ton Stores November comparable sales up 3.1 percent

The Bon-Ton Stores’ comparable sales for the four weeks ended November 25, 2017 increased 3.1 percent, while total sales increased 1.9 percent to 280.6 million dollars in the current year compared with 275.3 million dollars in the prior year period. "We are very pleased with our November sales results and our strong start to the holiday season,"...

Business

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. Commenting on the third quarter...

People

Bon-Ton elects Philmer Rohrbaugh to its board of directors

The Bon-Ton Stores has elected Philmer H. Rohrbaugh to its board, effective November 1, 2016. Rohrbaugh has been the Senior Executive Vice President and COO of Fulton Financial Corporation since June 2016, having served as the senior executive vice president and chief risk officer from November 2012 to June 2016. "We're delighted to welcome Phil...