Bon-Ton Stores June same-store sales down 6.5% - Update

Department-store operator Bon-Ton Stores Inc. (BONT) said Thursday that its same-store sales fell 6.5% in June, as the overall business remained soft due to continued weakness in economic trends.

Total sales for the five weeks decreased 6.6% to $261.2 million from $279.6 million in the same period last year.

Children's, special size sportswear and cosmetics were the best performing categories, while home, dresses and men's furnishings were the weakest performing categories, Bon-Ton Stores noted.

For the year-to-date period, total sales decreased 6.1% to $1.18 billion from $1.25 billion in the prior year period, while same-store sales fell 6%.

Bon-Ton Stores shares are currently trading at $5.22, down 23 cents or 4.22%.

by RTTNews Staff Writer

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