Bon-Ton Holiday Sales Decline

The Bon-Ton Stores reported that its holiday sales declined 2.9%, although the department store improved its results from the third quarter.

Comparable store sales for the nine-week holiday period ended December 30, 2017, decreased 2.9%. Total sales for the nine-week November and December period were $720.8 million compared to sales of $752.1 million in the prior year period. The company said its best performing categories over the period were cosmetics, children’s, outerwear and fine jewelry.

Bill Tracy, president and chief executive officer for The Bon-Ton Stores, said, “The company’s holiday period comparable store sales decrease of 2.9% is an improvement from the comparable store sales decrease of 6.6% reported in the third quarter. We are actively engaged in discussions with our debt holders in an effort to strengthen our capital structure to support the business going forward.”