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Bon-Ton cuts 3Q loss in half from last year

By - Last modified: November 19, 2012 at 9:31 AM

The Bon-Ton Stores Inc. has cut this year's third-quarter net loss more than 50 percent compared with the same quarter last year, the department store firm said.

The company, with corporate offices in York County and Milwaukee, reported a net loss for the quarter of about $10.1 million, or 55 cents per diluted share, compared with about $22 million, or $1.21 per diluted share, in the year-ago period, according to a news release.

Comparable store sales went up 1.9 percent in the quarter, the release stated.

The firm said it could have a profit of up to 20 cents per diluted share this year but also could have a loss of up to $1.35 per diluted share, according to the release.

The Bon-Ton Stores operates more than 270 department stores in 24 states, the release stated. Shares are traded on the Nasdaq under the ticker symbol BONT.