Bon-Ton hits its mark
November 4, 2010-- Home Textiles Today,
Bon-Ton, Pa. - Home did not rate a mention as Bon-Ton Stores announced third quarter sales results today.
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.