The Bon-Ton Stores (BONT) Announces Comp Sales Down 5.1%
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The Bon-Ton Stores, Inc. (NASDAQ: BONT) announced comparable store sales for the four weeks ended August 29, 2009 decreased 5.1% compared with the prior year period. Total sales for the four weeks decreased 4.8% to $197.0 million compared with $207.1 million for the prior year period.
Year-to-date comparable store sales decreased 8.7%. Year-to-date total sales decreased 8.2% to $1,450.8 million compared with $1,580.7 million for the same period last year.
Keith Plowman, Executive Vice President and Chief Financial Officer, stated, "We ended August with excess borrowing capacity under our revolving credit facility of approximately $166 million, well above the required minimum availability of $75 million."
Year-to-date comparable store sales decreased 8.7%. Year-to-date total sales decreased 8.2% to $1,450.8 million compared with $1,580.7 million for the same period last year.
Keith Plowman, Executive Vice President and Chief Financial Officer, stated, "We ended August with excess borrowing capacity under our revolving credit facility of approximately $166 million, well above the required minimum availability of $75 million."
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