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Bon-Ton Stores April comparable stores sales down

04
May '06
Department store operator Bon-Ton Stores Inc has announced total sales for the four weeks ended April 29th 2006 increased 182 percent to $245.6 million compared to $87.2 million for the same period last year.

April sales include $161.5 million from the acquired Northern Department Store Group ("Carson's") effective on March 5th 2006. Bon-Ton comparable store sales decreased 1.9 percent.

For the first quarter of fiscal 2006, total sales increased 114 percent to $561.6 million compared to $262.5 million for the same period last year. The first quarter of fiscal 2006 sales include $311.1 million from Carson's stores for the period March 5th 2006 through April 29th 2006. Year-to-date Bon-Ton comparable store sales decreased 2.9 percent.

Carson's sales are not included in the company's reported comparable store sales, therefore the following comparable store sales are provided for informational purposes only. Carson's comparable store sales increased 3.4 percent for the four weeks ended April 29th 2006.

For the period March 5th 2006 through April 29th 2006, Carson's comparable store sales increased 1.7 percent. For Carson's and Bon-Ton combined, comparable store sales for the four weeks ended April 29th 2006 increased 1.5 percent.

James Baireuther, Vice Chairman and CAO, commented, "Bon-Ton comparable store sales were positively impacted by the Easter shift early in April. However, post Easter business was softer than expected. Oursales trend in markets affected by the recent events in the automobile industry was more difficult, i.e. Ohio, Michigan and Indiana. Categories of business with sales increases were Children's, Shoes, Men's and Women's apparel. The weakest categories were Home, Accessories and Intimate."


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