Department store operator Bon-Ton Stores, Inc. (BONT) on Thursday reported that comparable store sales in the five weeks ended December 29 increased 2.4 percent, despite several days of challenging weather which adversely impacted its post-Christmas sales event.
Total sales grew 1.5 percent to $512.9 million from $505.2 million in the prior year.
Brendan Hoffman, President and Chief Executive Officer, commented, "Our eCommerce business once again posted double-digit sales gains. Fine jewelry, ladies' sportswear and dresses across all sizes, along with ladies' outerwear and shoes were our best performers. We ended December with less clearance inventory, which should position us well as we transition into the spring season."
Year-to-date comparable store sales increased 0.6 percent, and total sales increased 0.3 percent to $2.72 billion.
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