Bon-Ton Hits its Mark
Home & Textiles Today Staff -- Home Textiles Today, December 13, 2010
Home did not rate a mention as Bon-Ton Stores announced third quarter sales results last week. Sales were flattish, down 0.5% to $700.5 million, with comps down 0.3%. The results met expectations, according to the company.
However, deeper penetration of private brands and a reduction in clearance inventory helped boost gross margin by 90 basis points.
The department store will report full results Nov. 18.
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