Bon-Ton hits its mark
November 4, 2010,
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.
Related Content By Author
Vegas Performing with PureCare's Lonnie Scheps