Home / Knowledge / News / Fashion / Sales trends to remain soft at Bon-Ton Stores
Sales trends to remain soft at Bon-Ton Stores
Oct '08
The Bon-Ton Stores Inc announced that based on fall season sales trends and continued expectations for a soft holiday season, it believes its full-year fiscal 2008 financial results will be at the low end of the previously stated guidance range.

"Guidance provided on August 20, 2008 for fiscal 2008 diluted earnings per share was in a range of $(0.45) to $(0.95) excluding the write-off of goodwill, and $(1.17) to $(1.67) including the write-off of goodwill. Guidance for EBITDA was in the range of $200 to $213 million."

Keith Plowman, Executive Vice President and Chief Financial Officer, commented, “Given the current economic environment, we expect sales trends to remain soft and margins to be pressured by increasing promotional activity. Therefore, we are guiding to the low end of our guidance range for fiscal 2008. We will continue to closely monitor our sales and the consumer's reaction to the developing macroeconomic environment.”

Mr. Plowman continued, “As we have previously stated, we believe we have an appropriate capital structure and are positioned to work through the difficult macroeconomic environment to create long-term shareholder value."

"We ended September with excess borrowing capacity under our revolving credit facility of approximately $241 million, well above the required balance of $75 million. Further, we believe that based upon our results through September and the outlook for the remainder of the year, our Company will generate positive cash flow in fiscal 2008 to reduce debt and increase excess borrowing availability.”

Bon-Ton Stores Inc

Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Cindy McNaull, Cordura

Cindy McNaull

We have broad range of options in durable fabrics

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search