Bon-Ton sales rise 3 percent in November
The Bon-Ton Stores Inc., which plans to close 40 stores by next year amid flagging sales, saw a mild sales spike in November as the holiday season ratcheted up.
The retail chain, which has corporate offices in York County and Milwaukee, today reported that comparable-store sales for the four weeks that ended Saturday increased by 3.1 percent over last year. Total sales in the current year increased 1.9 percent to $280.6 million compared with $275.3 million last year.
"We are very pleased with our November sales results and our strong start to the holiday season," said Bill Tracy, Bon-Ton's president and CEO. "We were well positioned heading into Black Friday weekend, and our new merchandising and marketing initiatives continue to generate positive initial results."
Tracy said in-store traffic was better than regional industry trends, particularly on Black Friday.
"We continue to execute with a sense of urgency and remain focused on a successful holiday season," he said.
Bon-Ton's fourth-quarter and fiscal 2017 earnings period ends on Feb. 3, 2018.
The company has 260 stores in 24 states under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers banners. They include nine furniture galleries and four clearance centers.