Fashion retailer Bon-Ton Stores total sales for June climb 137%
07 Jul '06
2 min read
Traditional department store retailer The Bon-Ton Stores Inc announced total sales for the five weeks ended July 1, 2006 increased 171 percent to $304.2 million compared to $112.2 million for the same period last year. June sales include $186.6 million from the Carson's stores. Bon-Ton comparable store sales increased 6.6 percent.
Year-to-date total sales increased 137 percent to $1,098.3 million compared to $463.7 million for the same period last year. Year-to-date sales include $646.4 million from the Carson's stores for the period March 5, 2006 through July 1, 2006. Year-to-date Bon-Ton comparable store sales decreased 0.8 percent.
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 decreased 1.2 percent for the five weeks ended July 1, 2006. For the period March 5, 2006 through July 1, 2006, Carson's comparable store sales increased 1.7 percent. Carson's and Bon-Ton combined comparable store sales for the five weeks ended July 1, 2006 increased 1.7 percent.
Anthony J. Buccina, Vice Chairman and President - Merchandising, commented, "The strongest category in the Carson's stores was Furniture, followed by Shoes, Women's Special Size Apparel and Hard Home. The unseasonably cool weather in June had an unfavorable effect on ladies', men's and children's apparel."
Keith E. Plowman, Executive Vice President and Chief Financial Officer added, "The liquidation of non-go-forward merchandise in the Bon-Ton stores is on target. Home and Furniture liquidation sales contributed to the total increase in comparable store sales for Bon-Ton. Additionally, we are pleased with the progress of the integration process, which remains on schedule."
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