Department store chain Bon-Ton’s revenue figure falls 0.3 percent in July, hurt by weather
By APThursday, August 5, 2010
Bon-Ton Stores’ July revenue figure edges down
YORK, Pa. — Department store operator The Bon-Ton Stores Inc. said Thursday that revenue in its stores open at least a year fell 0.3 percent in July, hurt by heavy rains and hot weather.
Best-selling items included ladies’ shoes, sportswear for men and women, jewelry and intimate apparel. The weakest-performing categories were children’s, juniors, home products and men’s.
Revenue at stores open at least a year is a key indicator of a retailer’s performance because it excludes results from stores that open or close during the year.
Total revenue for the four weeks that ended July 31 fell 0.6 percent to $177.6 million last year.
For the second quarter as a whole, the figure rose 0.2 percent. Total sales fell 0.1 percent to $608.6 million.
Vice Chairman and merchandising President Tony Buccina said the month finished strong.
The chain’s full second-quarter results will be released Aug. 19.
Bon-Ton operates 278 stores in the U.S.
