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...

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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...

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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,...

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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...

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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,"...

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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...

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Bon-Ton Stores elects William Tracy to its board of directors

The Bon-Ton Stores’ board of directors has elected William Tracy to its board, effective August 25, 2017. He will also began his role of President and Chief Executive Officer of The Bon-Ton Stores on August 25 after serving as the company's chief pperating officer since July 2015. Commenting on the development, Debra Simon, Chairman of the...

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Bon-Ton posts Q2 comparable sales decline of 6.1 percent

Comparable store sales in the second quarter decreased 6.1 percent at Bon-Ton stores, while total sales in the period decreased 7 percent to 504.4 million dollars, compared with 542.4 million dollars in the second quarter of fiscal 2016. The company said, it continued its double-digit sales growth in omnichannel, which reflects sales via the...

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Bon-Ton Q1 comparable sales down 8.8 percent

Comparable store sales at Bon-Ton in the first quarter of fiscal 2017 decreased 8.8 percent, while total sales in the period decreased 9.3 percent to 536.1 million dollars compared with 591 million dollars in the first quarter of fiscal 2016. "Our first quarter results did not meet our expectations due primarily to weak mall traffic trends,...

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William Tracy to succeed Kathryn Bufano as Bon-Ton Chief

The Bon-Ton Stores has announced the departure of Kathryn Bufano, President and Chief Executive Officer of the company, effective August 25, 2017, upon expiration of her contract. The company added that William Tracy, the company's current Chief Operating Officer, will be named President and Chief Executive Officer following Bufano’s exit. The...

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Debra Simon is the new Chairman of Bon-Ton board of directors

The Bon-Ton Stores’ current board chairman and strategic initiatives officer Tim Grumbacher has decided to retire from the company effective May 13, 2017. The company said, he will continue to serve as chairman emeritus and advisor to the Chief Executive Officer and Debra K. Simon, a current member of the company’s board of directors has been...

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Bon-Ton appoints Norm Veit as Chief Information Officer

The Bon-Ton Stores has appointed Norm Veit to the position of Executive Vice President, Chief Information Officer of the company, effective , May 1, 2017. The company said, Veit will have responsibility for IT strategy and operations. Commenting on Veit's appointment, Bill Tracy, Chief Operating Officer, said in a press release, "We are...