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Fashion department store Bon-Ton posts May sales

03
Jun '05
Premier fashion retailer The Bon-Ton Stores Inc announced total sales for the four weeks ended May 28, 2005 decreased 6.5% to $89.0 million compared to $95.1 million for the same period last year. Comparable store sales decreased 6.1%.

Year-to-date total sales decreased 2.4% to $351.5 million compared to $360.2 million for the same period last year. Comparable store sales decreased 2.1%.

James H. Baireuther, Vice Chairman and Chief Administrative Officer, commented, "May sales were disappointing, largely the result of unseasonably cool weather dampening the demand for seasonal goods, and continued adverse economic pressures.

With the onset of more seasonable warmer weather, we expect the customer will show increased interest in spring/summer merchandise. Certain product categories did perform well, including fashion accessories, shoes, women's special size sportswear, ladies' better sportswear and soft home. We are monitoring inventory and receipts to rate of sales."

The Bon-Ton Stores Inc operates 139 department stores and two furniture stores in 16 states from the Northeast to the Midwest under the Bon-Ton and Elder-Beerman names. The stores carry a broad assortment of quality brand-name fashion apparel and accessories for women, men and children, as well as distinctive home furnishings.

Bon-Ton Inc


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