Friday, 23 February, 2018

Bon Ton Stores file for Chapter 11

FSMNews Bon-Ton Stores (BONT) Bond Prices Rise 2.8%
Nellie Chapman | 06 February, 2018, 15:22

Including the 42 store closures announced last week, in total Bon-Ton has plans to close 47 stores this year, four of which closed in January and one closing that is almost complete.

Experts say Bon-Ton has been hurt by shoppers' changing behavior.

The 80,000-square-foot Queensbury store opened in 1999, filling a space previously occupied by a Caldor department store. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth. Some of the stores have different names other than The Bon-Ton, but are part of the company. The Bon-Ton Stores does not pay a dividend.

FSMNews

"Even with breathing space, the future of Bon-Ton is uncertain". A notice to the state shows more than 300 jobs will be affected by The Bon-Ton Stores Inc. We will compare the two companies based on the strength of their profitability, earnings, risk, institutional ownership, valuation, analyst recommendations and dividends. "Importantly, we look forward to continuing to provide our customers with quality merchandise and an exceptional shopping experience in our stores and across e-commerce and mobile platforms as we move through this financial restructuring process".

Amazon, in contrast, for the first time booked more than $1 billion in profits during its most recent quarter. If you are accessing this news story on another website, it was copied illegally and republished in violation of US & global copyright legislation. The legal version of this piece can be viewed at https://www.truebluetribune.com/2018/02/05/bon-ton-stores-bont-lifted-to-sell-at-valuengine.html.

Bon-Ton now operates 256 stores in 23 states, under the names Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers. We continue to offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings, just as we always have.