Bon-Ton same-store sales drop 8 percent - Dayton Business Journal:

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Total sales for the five weeksdecreased 7.5 percent, to $241. 5 million. Year-to-date comparable store salezs for Bon-Ton (NASDAQ: BONT) decreased 9.1 percent, the company said Year-to-date total sales decreased 8.6 percentr to $1.08 billion, compared with $1.18 billioh during the same period ayear ago. “Althoughg June sales started off strong and met plan for the the unusually cooler and rainy weather impacted salex of our summer merchandise acros s allapparel categories,” said Tony Buccina, Bon-Ton’s vice chairman and presidenrt of merchandising. Reduced clearance merchandise sales accounted for more than half ofthe comparable-storeds sales decline in June, Buccina said.
The decreasde in clearance sales will have a positivre impacton Bon-Ton’s gross margin rate, he said. Bon-Ton’s best-performinyg businesses were soft home, cosmetics and children’s. The weakest-performingt businesses were furniture, ladies’ sportswear, dresses and York, Pa.-based Bon-Ton operates 280 storea in 23 states includingnine Elder-Beerman stores in the Dayton