Bon-Ton & Carson's combined comparable store sales go up
09 Mar '07
2 min read
The Bon-Ton Stores Inc announced total sales for the four weeks ended March 3, 2007 increased 229%, to $237.6 million, compared to $72.2 million for the prior year period. February sales include $153.4 million from Carson's and Parisian stores acquired in 2006. Bon-Ton comparable store sales for the four weeks increased 14.6% compared to the prior year period.
Carson's sales are not included in the Company's reported comparable store sales; therefore, the following is provided for informational purposes only. Carson's comparable store sales for the four weeks ended March 3, 2007 increased 7.2%. For Carson's and Bon-Ton combined, comparable store sales for the four weeks ended March 3, 2007 increased 9.8%.
Anthony J. Buccina, Vice Chairman and President – Merchandising, commented, “We are excited about our February sales performance. Bad weather conditions and snow storms in our markets and around some key promotions had an impact on traffic, but the cold weather also helped to drive women's, men's, and children's outerwear, and cold weather accessories. The best performing businesses were cosmetics, intimate apparel, children's, shoes, missy better sportswear, men's and hard home."
"In addition, we had strong sales growth across the majority of categories of business and experienced good spring selling on some of our big key item programs in men's, children's, missy and home. We are now entering into the important part of the spring selling season with fresher inventories and less clearance than prior year. I also want to remind everyone that the total and comparable sales for this year will reflect sales events falling into different periods compared to the prior year as a result of fiscal 2006 being a 53-week year.”
Financial results for the fourth quarter and fiscal 2006 are scheduled to be released Thursday, March 15, 2007. The Company's quarterly conference call to discuss the fourth quarter and fiscal 2006 financial results is scheduled to be broadcast live over the Internet on March 15, 2007 at 10:00 a.m. eastern time. To access the call, please visit the investor relations section of the Company's website.
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