The Bon-Ton Stores, Inc. to close its store at the Schuylkill Mall in Frackville, Pennsylvania

MILWAUKEE, WI, 2017-Apr-04 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), today (April 1, 2017)  announced it will close its Bon-Ton store at the Schuylkill Mall in Frackville, Pennsylvania. The company has entered into an agreement to sell the store property as of May 1, 2017, when the store will close. The closing will impact approximately 35 associates at this location.

“Closing a store is never an easy decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Bon-Ton over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates at Bon-Ton’s Schuylkill Mall location will be offered the opportunity to interview for available positions at stores in the area or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop at nearby Bon-Ton locations at Bloomsburg Mall, Bloomsburg, PA; Berkshire Mall, Reading, PA; Wyoming Valley Mall, Wilkes-Barre, PA or online at the company’s website at bonton.com .

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 262 stores, which includes nine furniture galleries and four clearance centers, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit http://investors.bonton.com.

MEDIA CONTACT:

Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc.

The Bon-Ton Stores to host its Goodwill donation drive from Wednesday, March 15 through Saturday, April 1

The Bon-Ton Stores to host its Goodwill donation drive from Wednesday, March 15 through Saturday, April 1

Bon-Ton Family of Department Stores Accepting Clothing Donations for Goodwill® March 15 through April 1

MILWAUKEE, 2017-Mar-13 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores invites the community to participate in its Goodwill donation drive during the company’s semi-annual Goodwill Sale, which begins Wednesday, March 15 through Saturday, April 1. During the 18-day event, customers can drop off bags of donated goods during their visit to any Bon-Ton department store and receive coupons for up to 30 percent off on new fashions. It’s a great time to do some spring cleaning and put those items no longer needed in your closets to good use by donating them to Goodwill.

The community is encouraged to get involved by donating items such as ladies, kids and men’s clothing, accessories, shoes, luggage and household textiles. Customers’ donations, collected during the Bon-Ton Goodwill Sale, will be sold in Goodwill stores and the revenues will create employment training, skills development, education and job placement for people in local communities. In return for each and every item donated to Goodwill, Bon-Ton customers receive generous coupons for up to 30 percent on apparel and 15 percent on cosmetics and fragrances to use in-store and online. It’s the perfect time to save on the new spring fashion arrivals, designer brands, shoes, accessories, home décor, beauty brands and nearly everything in the store. The Goodwill Sale coupons can be used on regular and sale priced items making this event the best sale of the season.

“Donations are vital in helping local Goodwill organizations provide the job training and career related services such as résumé preparation and skills training that people need to find employment and build their careers,” said Kim Zimmer, chief marketing officer and senior vice president of global development of Goodwill Industries International. “Bon-Ton customers can take pride in knowing that their donations are fueling a social enterprise that is helping people earn jobs in their communities.”

Local Goodwill organizations and The Bon-Ton family of department stores have partnered for the Bon-Ton Goodwill Sale for 23 years. Customers eagerly anticipate the event, which represents the largest and longest-standing cause partnership and department store donation drive for Goodwill in the United States.

“March is the perfect time to refresh your wardrobe and home. By making a donation to Goodwill you not only receive discounts on new spring arrivals at Bon-Ton, you’re doing good for your community,” said Kathryn Bufano, president and chief executive officer of The Bon-Ton Stores, Inc. “The Bon-Ton Goodwill Sale is one of our favorite events of the year because it demonstrates Bon-Ton’s commitment to our communities.”

In 2016, donations received during the Bon-Ton Goodwill Sale helped Goodwill provide 592,000 hours of job placement and training in local communities. Goodwill provides services such as career counseling, computer training, financial education, mock interviews, resume preparation, and job search advice among many other services. See Steve’s story about how he earned a job with help from Goodwill.

For customers who would like to contribute in a different way, they may make a $1 donation in-store or online to receive additional Goodwill Sale event coupons. The donations collected will benefit Goodwill’s employment placement and job training programs. For more information about the Bon-Ton Goodwill Sale and how to enter for a chance to win a $500 shopping spree, visit bonton.com/goodwill.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 263 stores, which includes 9 furniture galleries and four clearance centers, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit thebontonstoresinc.com or the company’s web site at bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

ABOUT GOODWILL INDUSTRIES INTERNATIONAL
Goodwill Industries International (GII) is a network of 163 community-based, autonomous organizations in the United States and Canada with a presence in 13 other countries. GII is a 501(c)(3) nonprofit that is recognized by GuideStar with its Platinum Seal of Approval, the organization’s highest rating for charities. GII was also ranked by Enso as the #1 brand doing the most good in the world, and was the only nonprofit brand rated in Forbes’  20 most inspiring companies for three consecutive years. Local Goodwill organizations are innovative and sustainable social enterprises that create job training programs, employment placement and other community-based programs by selling donated clothing and household items in more than 3,200 stores collectively and online at shopgoodwill.com®. Local Goodwill organizations also build revenue and create jobs by contracting with businesses and government to provide a wide range of commercial services, including packaging and assembly, food services preparation, and document imaging and shredding. Last year, local Goodwill organizations collectively placed 312,000 people in employment in the United States and Canada. In addition, more than 35 million people used computers and mobile devices to access Goodwill education, training, mentoring and online learning services to strengthen their skills. To learn more, visit goodwill.org.

For more information or to find a Goodwill location near you, use the online locator at Goodwill.org or call (800) GOODWILL. Follow us on Twitter: @GoodwillIntl and @GoodwillCapHill, and find us on Facebook: GoodwillIntl or Instagram: GoodwillIntl.

SOURCE The Bon-Ton Stores

News Provided by Acquire Media

The Bon-Ton Stores, Inc. invites local makers, artisans and entrepreneurs for the “Close to Home” Online Sourcing Fair, Feb 7-March 24, 2017

CALLING ALL LOCAL MAKERS, ARTISANS AND ENTREPRENEURS TO APPLY ONLINE FOR CONSIDERATION

MILWAUKEE, 2017-Feb-08 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, plans to expand its “Close to Home” initiative by adding in-store shops to at least 100 stores this year after a successful launch in 45 stores in fall 2016. As part of the expansion, the retailer also announced the launch of the new “Close to Home” Online Sourcing Fair that invites local artists and designers, makers, artisans, and entrepreneurs with established businesses and galleries interested in having their products sold in “Close to Home” shops to apply online.

Product submissions for the first “Close to Home” Online Sourcing Fair are being accepted February 7 through March 24, 2017 at closetohome.bonton.com. Interested applicants must reside in one of Bon-Ton’s 25 states to apply for this exclusive opportunity. The company hopes the “Close to Home” Online Sourcing Fair will attract a large number of new and talented artisans and entrepreneurs eager to grow their small businesses and reach new audiences.

Open year round in-store and online, the “Close to Home” shops feature locally-sourced and themed products and were a hit during the 2016 fall and holiday shopping season. From September through December, “Close to Home” shop sales more than doubled projections and the company expects continued growth in 2017.

“Our regional merchandising teams carefully curated these shops to deliver customers a hometown shopping experience that reflects the tastes and buying preferences of our local communities,” said Kathryn Bufano, president and CEO of The Bon-Ton Stores, Inc. “The ‘Close to Home’ shops have been a great opportunity for us to showcase local artisans and entrepreneurs and demonstrate our commitment to supporting the communities we serve.”

More than 100 small businesses from 16 cities across eight states were featured in the initial launch of the “Close to Home” shops. For many, the opportunity to sell products in a major department store provided significant growth for their business.

“I doubled my yearly revenue in 2016 and had more sales in December than the entire previous 11 months combined,” said Carma Wood, owner of Kiyi Kiyi Cosmetics in Willmar, Minnesota. “Being featured in a ‘Close to Home’ shop has allowed me to reach a wider audience of customers.”

“With our products in the ‘Close to Home’ shop, we have seen not only an increase in sales, but an increase in overall brand awareness,” commented Clint McMahon, owner of MPLS STP Clothing.  “We are very grateful to be included because our business is all about helping people celebrate home and show their hometown pride.”

“We started out selling primarily at craft fairs, farmers markets and a few boutiques, and then Bon-Ton called,” said Kelley Grace Quakkelaar of Wisconsin’s Gracie Designs, which produces hand-crafted wristlets and trucker hats for the ‘Close to Home’ shop. “It’s been a significant ramping up of our business.”

While each “Close to Home” shop is unique to its community, most shops include locally-themed apparel; glassware, pillows, blankets and home décor; handbags, scarves and other accessories; natural candles, bath and body products; and other unique giftable items. Many products are hand-crafted or made with locally-sourced materials.

Through the “Close to Home” Online Sourcing Fair, Bon-Ton plans to expand product offerings to include a broader selection of custom-designed and produced clothing and one-of-a-kind creations such as artwork, paintings, jewelry, décor and art objects crafted by local artists.

Bon-Ton aims to have “Close to Home” shops in at least 150 stores by mid-2017, representing more than half of the company’s stores. As the program expands and rotates featured makers, new items will be added frequently and seasonally. As such, the “Close to Home” shops will always have fresh and unique product assortments. Bon-Ton will hold future online sourcing fairs as part of an ongoing effort to develop more relationships with local makers and curate a broader selection of local product offerings.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 263 stores, which includes 9 furniture galleries and four clearance centers, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For store locations and information, visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

SOURCE: The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc. to close its Elder-Beerman store at the Ohio Valley Mall in St. Clairsville, Ohio

MILWAUKEE, WI, 2017-Jan-18 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), today (January 17, 2017)  announced it will close its Elder-Beerman store at the Ohio Valley Mall in St. Clairsville, Ohio. The company will not renew the lease, which terminates March 31, 2017. The closing will impact approximately 46 associates at this location. The store will remain open until the end of its lease term.

“Closing a store is never an easy decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Elder-Beerman over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates at Elder-Beerman’s Ohio Valley Mall location will be offered the opportunity to interview for available positions at stores in the area or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop online at the company’s website at elderbeerman.com.

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 266 stores, which includes 9 furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, ElderBeerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

MEDIA CONTACT:

Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc. announces comparable store sales for the nine-week holiday period

YORK, Pa., 2017-Jan-13 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today (Jan. 11, 2017) announced that its comparable store sales for the nine-week holiday period ended December 31, 2016 decreased 3.1%, in line with guidance provided on November 17, 2016.  Total sales for the nine week November and December period were $752.1 million compared to sales of $784.4 million in the prior year period.

Kathryn Bufano, President and Chief Executive Officer, commented, “Following challenging sales trends in the first three weeks of November, business improved from Thanksgiving through the end of December.  During the holiday season, we continued to deliver double digit growth in our omnichannel business, including mobile demand.  Our best performing categories during the holiday season were men’s big and tall, furniture, women’s outerwear, and intimate apparel.”

Ms. Bufano added, “We are pleased to see the traction we are gaining on our merchandising initiatives despite weak mall traffic trends.  Our focus remains on executing against our strategic initiatives, while prudently managing inventory levels and expenses.  Based on these sales trends and our expectations for the remainder of the quarter, we are maintaining our full-year guidance provided on November 17, 2016; however, we expect to be at the low end of the range.”

The company will provide additional details on March 14, 2017 when it reports its results for the fourth quarter and fiscal 2016 periods ending January 28, 2017.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 266 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements
Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2016 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.   Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors or changes in the competitive environment; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators.  Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

CONTACT:
Wendy Wilson
Vice President
Investor Relations
414-347-5153
wendy.wilson@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

Bon-Ton Family of Department Stores to spread holiday joy with gift cards give away on December 18

The first 400 people in every store receive a free gift card valued between $5 and $500

MILWAUKEE, 2016-Dec-20 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, is spreading the joy this holiday season by giving customers a special bonus when they shop at their hometown store.  Starting at 7 a.m. this Sunday, December 18, each store will give the first 400 customers (while supplies last) a gift card valued between $5 and $500 with one guaranteed $500 winner at every store location. In total, the retailer will give away a total of $1 million in gift cards. An entrance at each store will be identified with signs and open at 6:45 a.m. for customers to line-up out of the cold weather before the store opens.

“At Bon-Ton we appreciate our customers and we are sharing the joy with them this holiday season during our $1 million gift card giveaway,” says Kathryn Bufano, President & CEO, The Bon-Ton Stores, Inc. “As the hometown department store, giving our customers a special surprise when they walk in to our store lets them know we care.”

The gift cards have no exclusions or expiration and can be given as a gift or used as tender and combined with coupons to shop immediately in any Bon-Ton family of department stores. With just seven shopping days remaining, customers can also take advantage of Bon-Ton’s Last Minute Gift Sale that also begins Sunday with special bonus buys, deals and a $50 off $100 coupon, available on the company’s mobile app (some exclusions apply), to use for last minute holiday gifts.

In compliance with state laws, four North Dakota Herberger’s store locations will open at Noon and begin handing out gift cards to customers; Bismarck, ND at Kirkwood Mall, Dickinson, ND at Prairie Hills Mall, Minot, ND at Dakota Square and Fargo, ND at West Acres. There is a limit of one gift card per customer, and customers must be 18 or older to receive a gift card. In addition, clearance centers, furniture galleries and Carson’s Riverside Plaza store are excluded from this promotion.

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. ?

For store locations and information, visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

MEDIA CONTACT:

Christine Hojnacki
414.347.5329
Christine.Hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

The Bon-Ton Stores to close its Carson’s Clearance Center at The Landings Shopping Center in Lansing, Illinois

MILWAUKEE, WI, 2016-Dec-01 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), today (November 30, 2016) announced it will close its Carson’s Clearance Center at The Landings Shopping Center in Lansing, Illinois. The company will not renew the lease, which terminates January 31, 2017. The closing will impact approximately 60 associates at this location. The store will remain open until the end of its lease term.

“Closing this store was a difficult decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Carson’s over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates at Carson’s Clearance Center in The Landings Shopping Center location will be offered the opportunity to interview for available positions at stores in the area or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop at the nearby Carson’s department store locations at the Woodmar Mall, Hammond, IN; Southlake Mall, Merrillville, IN; Lincoln Mall, Matteson, IL and Evergreen Plaza, Evergreen Park, IL. Customers may also visit the company’s website at bonton.com.

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, ElderBeerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

MEDIA CONTACT:

Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc. announces operating results for its third quarter fiscal 2016

YORK, Pa., 2016-Nov-19 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today (Nov. 17, 2016) reported operating results for its fiscal third quarter ended October 29, 2016, and updated its guidance for the full year fiscal 2016.

Results for the Third Quarter Ended October 29, 2016

  • Comparable store sales decreased 4.9% as compared with the prior year period.
  • Net loss was $31.6 million, or $1.58 per diluted share, compared with net loss of $34.0 million, or $1.72 per diluted share, in the third quarter of fiscal 2015.
  • Adjusted EBITDA was $10.6 million compared to Adjusted EBITDA of $5.7 million in the third quarter of 2015.  (As used in this release, Adjusted EBITDA is not a measure recognized under GAAP – see the accompanying financial table which reconciles this non-GAAP measure to net loss).  Excluding the financial impact of $2.1 million of consulting expenses and severance costs related to the company’s cost savings initiatives, Adjusted EBITDA was $12.7 million in the third quarter of fiscal 2016.

Kathryn Bufano, President and Chief Executive Officer, commented, “Although our third quarter sales performance was impacted by warm weather in addition to soft traffic trends, we made progress on a number of our strategic initiatives.  We delivered sales gains in several key categories as well as double digit growth in our omnichannel business and accelerated growth on our mobile site.  In addition, we increased our gross margin rate by 170 basis points as a result of improved merchandise margin and reduced delivery costs.  We also continued to execute against our cost savings initiatives and reduced inventory by 4.9%.”

Ms. Bufano continued, “Looking ahead, we expect to drive continued momentum in omnichannel with enhancements to our website and mobile site, in addition to our Buy Online Pick Up In-Store initiative.  We also expect to benefit from our new Love Style Rewards program, continued expansion of new brands and categories, and recently opened furniture departments.”

Third Quarter Review
Comparable store sales in the third quarter of fiscal 2016 decreased 4.9%.  Total sales in the period decreased 5.4% to $589.9 million, compared with $623.4 million in the third quarter of fiscal 2015, primarily as a result of the impact that unseasonably warm weather had on cold weather-related sales.  Sales increases were achieved in furniture, dresses, denim, all active sportswear, contemporary plus, men’s big and tall, and men’s sportswear.

The company achieved accelerated growth in omnichannel, which reflects sales via its website, mobile site, and its Buy Online Pick Up In-Storeinitiative.  The company also launched its Love Style Rewards program, rolled out a new and enhanced mobile site, expanded new brands and categories, and opened furniture departments in additional stores.

Other income in the third quarter of fiscal 2016 was $17.3 million, a decrease of $0.2 million over the comparable prior year period.  Proprietary credit card sales, as a percentage of total sales, increased 250 basis points to 57.0% in the third quarter of fiscal 2016 compared to the previous year.

Gross profit decreased $1.3 million to $207.1 million in the third quarter of fiscal 2016, primarily as a result of lower sales volume, partially offset by improved merchandise margin and favorable delivery costs.  The gross margin rate in the third quarter of fiscal 2016 was 35.1% of net sales as compared to 33.4% in the same quarter last year.

Selling, general and administrative (“SG&A”) expense in the third quarter of fiscal 2016 decreased $6.4 million, or 2.9%, to $213.8 million, compared to the third quarter of fiscal 2015. This was largely due to savings related to non-customer facing expenses, partially offset by higher medical claims, as well as the consulting expenses and severance associated with the company’s cost savings initiatives.  The SG&A expense rate in the third quarter of 2016 was 36.2% of net sales, an increase of 90 basis points over the prior year, primarily as a result of the decreased sales volume in the period.  Excluding the $2.1 million of consulting costs and severance in the third quarter of fiscal 2016, SG&A expense decreased $8.6 million from the comparable prior year period.

As of October 29, 2016, the company had approximately $303 million of borrowing capacity under its revolving credit facility. As previously announced, on November 29, 2016, the company will repay the outstanding principal amount of $57 million of its 10 5/8% Second Lien Senior Secured Notes due in 2017.  The company is still on-track to achieve its previously stated $21 to $24 million net SG&A and cost of goods savings, and expects to decrease debt by approximately $5 million to $10 million by the end of the year.

Guidance  
As a result of unseasonably warm weather in our regions and prevailing soft mall traffic trends, we believe it is prudent to revise our guidance for the year.  We are now forecasting loss per diluted share to be in the range of $2.04 to $2.54 and Adjusted EBITDA to be in the range of $114 million to $124 million.  (As used in this release, Adjusted EBITDA is not a measure recognized under GAAP – see the accompanying financial table which reconciles this non-GAAP measure to net loss.).

Assumptions reflected in the company’s revised full-year guidance include the following:

  • A comparable sales decrease ranging from 2.5% to 3.5%;
  • A gross margin rate ranging from a 80- to 90-basis-point increase over the fiscal 2015 rate of 34.7%;
  • SG&A between $885 million and $888 million, or an expense rate ranging from a 50- to 70-basis-point increase from the fiscal 2015 rate of 33.3%;
  • Capital expenditures not to exceed $40 million, net of external contributions; and
  • An estimated 20 million weighted average shares outstanding.

Call Details
The company’s quarterly conference call to discuss third quarter fiscal 2016 results will be broadcast live today at 10:00 a.m. Eastern time.  Investors and analysts interested in participating in the call are invited to dial (888) 293-8969 at 9:55 a.m. Eastern time.  A taped replay of the conference call will be available within two hours of the conclusion of the call and will remain available through Thursday, November 24, 2016.  The number to call for the taped replay is (877) 870-5176 and the replay PIN is 1572377.  The conference call will also be broadcast on the company’s website at http://investors.bonton.com.  An online archive of the webcast will be available within two hours of the conclusion of the call.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes nine furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  For further information, please visit the investor relations section of the company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements
Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “believe,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2016 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.   Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors or changes in the competitive environment; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators.  Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

CONTACT:
Investor Relations:

Wendy Wilson
414-347-5153
Wendy.Wilson@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

The Bon-Ton Stores to open its doors at 5:00 p.m. on November 24 for its Biggest Ever After Thanksgiving Sale

  • Store opens at 5:00 p.m. on Thanksgiving Night
  •  Over 700 Door Busters, free gift card to the first 200 people at every store

MILWAUKEE, 2016-Nov-11 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, will open its doors at 5:00 p.m. on Thursday, November 24 for its Biggest Ever After Thanksgiving Sale, offering more than 700 Door Busters, special coupons and deals. The first 200 people at the door in every store will receive a gift card valued between $5 and $500 with a guaranteed $500 winner at every store. In-store Door Busters are valid through Friday, November 25 until 3:00 p.m. Online Door Busters will be available at www.bonton.com/blackfriday starting at 6:00 a.m. on Monday, November 21 with free online shipping through November 28 with promo code FREESHIP. All Door Busters will be available while supplies last.

“Bon-Ton is excited to kick off the holiday shopping season with inspiring gifts for the entire family,” said Kathryn Bufano, President & CEO, The Bon-Ton Stores, Inc. “Whether shopping in our stores or online, customers will find great Black Friday deals for everyone on their list.”

Here’s a sneak peek of some of the door buster deals Bon-Ton will offer in-stores starting at 5:00 p.m. on Thursday, November 24 and online at bonton.com starting 6:00 a.m. on Monday, November 21, while supplies last:

  • $19.97 Rampage boots and jackets
  • $19.97 Living Quarters reversible down alternative comforters in any size
  • $9.97 kitchen electrics
  • Up to 75% off a huge selection of ladies coats including $99.97 designer down and puffer coats
  • Buy 1 Get 2 FREE mens flannels, fleece and more from Izod, Van Heusen, G.H. Bass & Co, Ruff Hewn & LeTigre
  • $39.97 TravelQuarters 5-pc luggage set
  • $7.97 to $14.97 Discovery kids toys and Black Series remote control cars
  • $17.97 entire stock kids puffer jackets from London Fog
  • $14.97 LivingQuarters twin cold weather fleece & flannel Sheet sets
  • $23.97 Keurig KCup 40-48CT value and variety single service packs
  • 60% off All in-stock furniture to include sofas, chairs and sectionals
  • 25-50% off designer handbags
  • $19.97 ladies Calvin Klein Performance jackets and hooded tees
  • $9.97 mens and ladies collegiate team fleece from J America and Champion
  • Buy 2 get 1 free mix and match fragrance rollerballs and pens sprays
  • 65-70% off entire stock of fine jewelry including Effy
  • $19.97 ladies PJ sets from Intimate Essentials, Hue and PJ Couture
  • 60% off children’s playwear, dresswear and sleepwear from Carters, Oshkosh B’Gosh, Amy Byer and more
  • $199.97 KitchenAid Professional 5 QT stand mixer with $50 manufacturer mail in Visa Gift Card
  • $23.52 Hot Buy – Black Series virtual reality goggles ($19.99 with 15% coupon)
  • 50% off ladies cold weather accessories from Calvin Klein, Steve Madden, and more

Customers can also shop daily online Black Friday Door Busters “previews” starting Monday, November 14 at 6:00 a.m. A variety of 10 different items will be unveiled each day on the company’s websites bonton.com, bergners.com, bostonstore.com, carsons.com, elder-beerman.com, herbergers.com and younkers.com.

Daily exclusive online Door Busters include items such as:

  • $69.97 Men’s designer outerwear
  • 65% off Entire stock of luggage from Samsonite, American Tourister, Ricardo, London Fog and Delsey
  • 50% off Boots from Bare Traps, Naturalizer, Calvin Klein, Anne Klein and Bandolino
  • $7.97 Pillows from Tommy Hilfiger, Calvin Klein and Lauren Ralph Lauren
  • $30 off ladies Silver Jeans

In compliance with state Blue laws, Bon-Ton stores in Maine and Massachusetts will be closed on Thanksgiving Day and will open at midnight.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

MEDIA CONTACT:

Christine Hojnacki
414.347.5329
cell 262.378.9354
Christine.Hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

The Bon-Ton Stores, Inc. to close its Elder-Beerman store in Towne Mall in Franklin, Ohio

MILWAUKEE, WI, 2016-Nov-03 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), today (November 2, 2016) announced it will close its Elder-Beerman store in Towne Mall in Franklin, Ohio. The company will not renew the lease, which terminates January 31, 2017. The closing will impact approximately 65 associates at this location. The store will remain open until the end of its lease term.

“Closing this store was a difficult decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Elder-Beerman over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates in the Towne Mall Elder-Beerman location will be offered the opportunity to interview for available positions at stores in the area or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop at the nearby Elder-Beerman locations at the Dayton Mall or Kettering Towne Center in Dayton, Ohio or The Mall at Fairfield Commons in Beavercreek, Ohio. Customers may also visit the company’s website at elder-beerman.com.

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, ElderBeerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

MEDIA CONTACT:

Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc. to close its Hamden Bon-Ton store in Connecticut on January 2017

MILWAUKEE, Wis., 2016-Oct-31 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT), today (October 27, 2016) announced it will close its Bon-Ton store at the Hamden Mart in Hamden, Connecticut. The Company will not renew the lease, which terminates January 31, 2017. The closing will impact approximately 61 associates at this location.  The store will remain open until the end of its lease term.

“Closing this store was a difficult decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Bon-Ton over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates at the Hamden Mart Bon-Ton location will be considered for available opportunities at other store locations or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop at the company’s website at bonton.com.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.  For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

MEDIA CONTACT:
Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

Bon-Ton Stores’ new LoveStyle Rewards program lets shoppers earn rewards any way they pay when they shop at Bon-Ton Stores

MILWAUKEE, 2016-Oct-15 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT), which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, announced that it has expanded its customer loyalty program with its new LoveStyle Rewards.

“We value our loyal customers who shop with us,” said Kathryn Bufano, president and CEO for The Bon-Ton Stores, Inc. “We continue to make changes to create a better shopping experience at Bon-Ton.  With LoveStyle Rewards all of our customers can earn Rewards—any way they pay.”Shoppers can now earn rewards any way they pay when they shop at Bon-Ton Stores.  In addition to Bon-Ton’s current YOUR REWARDS proprietary credit card and loyalty program, customers paying with any other tender can now earn Reward Cards.  With the new LoveStyle Rewards program, a customer who spends $200 with a third party credit card, cash, check or gift card, will receive a $10 LoveStyle Rewards Card. Customers who spend $200 with a YOUR REWARDS Credit Card will receive a $20 Rewards Card.

Members may earn “Double It” Rewards or earn “Bonus Rewards” based on featured categories or special events throughout the year. Customers can also “stack” their Rewards Cards for every $50 a customer spends.  Rewards can be earned on purchases made in-store at any of the Bon-Ton family of stores, or online at one of the seven company websites.

Customers can sign up for LoveStyle Rewards both in-store and online by simply providing a name, phone number and email address. Rewards are conveniently delivered monthly via email.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram,Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

MEDIA CONTACT:
Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc./globenewswire

The Bon-Ton Stores, Inc. to close its Bergner’s store in Machesney Park Mall in Illinois

MILWAUKEE, WI, 2016-Oct-15 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), today (October 11, 2016) announced it will close its Bergner’s store in Machesney Park Mall in Machesney Park, Illinois. The Company will not renew the lease, which terminates January 31, 2017. The closing will impact approximately 43 associates at this location. The store will remain open until the end of its lease term.

“Closing this store was a difficult decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Bergner’s over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates in the Machesney Park Bergner’s location will be offered the opportunity to interview for available positions at stores in the area or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop at the company’s nearby store locations: Bergner’s at Cherryvale Mall, Rockford, Illinois; Elder-Beerman at Eclipse Center, Beloit, Wisconsin and Boston Store at Janesville Mall, Janesville, Wisconsin.

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, ElderBeerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

MEDIA CONTACT:
Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc

The Bon-Ton Stores kicks off the largest, longest-running Goodwill® donation drive on September 14

MILWAUKEE, 2016-Sep-07 — /EPR Retail News/ — The Bon-Ton Stores, Inc.(NASDAQ:BONT), which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, kicks off the largest, longest-running Goodwill® donation drive on Wednesday, September 14.  In its 22nd year, the program remains a signature community event and customer favorite.  Savvy shoppers know September is the best time to transition their wardrobes for the fall season and during Bon-Ton’s Goodwill Sale, they will find all the new fashion trends, support Goodwill’s mission and find great deals. The semi-annual Bon-Ton Goodwill Sale takes place September 14 to October 1, 2016, at all local Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores.

Here’s how the Bon-Ton Goodwill Sale works: People bring their used apparel or home textile donations for Goodwill to any of Bon-Ton’s 267 store locations.  Donations can include clothing for ladies, men and children, soft household goods such blankets, outerwear, shoes and accessories. Donors receive discount coupons of up to 25 percent off new fall merchandise including designer brands and other items at Bon-Ton. 20 items donated equal 20 coupons to shop during the Goodwill Sale, it’s that easy.

New this year, one donor in every Bon-Ton store throughout the Goodwill Sale, will be randomly awarded with a $100 Bon-Ton gift card on the spot. It’s Bon-Ton’s way of saying thank you for the simple act of donating and giving back to the community.

“The Goodwill Sale is a signature event for Bon-Ton and kicks off the shopping season with the newest fall fashions,” said Kathryn Bufano, president and CEO of The Bon-Ton Stores, Inc. “Customers enjoy receiving discounts on their favorite brands while making a difference in their community.”

During this cause-marketing promotion, Goodwill trucks pick up the donated items from Bon-Ton stores and later sell the items in Goodwill stores in the communities where they were collected. The revenues help fund local job placement, training and community services for people facing challenges to finding employment.

“Donations received from the Bon-Ton Goodwill Sale are vital to helping Goodwills continue to provide services such as career counseling and education,” said Jim Gibbons, president and CEO of Goodwill Industries International. “Each local Goodwill organization tailors its services to community needs, so donors can take pride in knowing that their donations will directly help local job seekers.”

Goodwill and Bon-Ton have partnered for the Bon-Ton Goodwill Sale for 22 years. Last year alone, donations to Goodwill during the Bon-Ton Goodwill Sale provided 578,000 hours of Goodwill services in the communities where both Bon-Ton and Goodwill operate.

Customers can learn more about the donation drive at Million Acts of Goodwill and enter for a chance to win a $20,000 Fall Style and Wardrobe Makeover.

About Bon-Ton Stores
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

About Goodwill Industries International
Goodwill Industries International is a network of 164 community-based organizations in the United States and Canada with a presence in 13 other countries. Goodwill is the #1 brand doing the most good in the world (Brand World Value Index, 2016) and is one of America’s top 20 most inspiring companies (Forbes, 2014). Goodwill organizations are innovative and sustainable social enterprises that fund employment placement services, job training programs and other community-based programs by selling donated clothing and household items in more than 3,100 stores and online at shopgoodwill.com®. Local Goodwill organizations also build revenue and create jobs by contracting with businesses and government to provide a wide range of commercial services, including packaging and assembly, food services preparation, and document imaging and shredding. Last year, Goodwill placed 312,000 people in employment in the United States and Canada. Nearly two million people worked to build their career and financial assets by engaging with Goodwill team members. In addition, more than 35 million people used computers and mobile devices to access Goodwill education, training, mentoring and online learning services to strengthen their skills. To learn more, visit goodwill.org.

For more information or to find a Goodwill location near you, use the online locator at Goodwill.org or call (800) GOODWILL. Follow us on Twitter: @GoodwillIntl and @GoodwillCapHill, and find us on Facebook: GoodwillIntl.

MEDIA CONTACTS:

Christine Hojnacki
The Bon-Ton Stores, Inc.
(414) 347-5329
cell (262) 378-9354
christine.hojnacki@bonton.com

Charlene Sarmiento
Public Relations Program Manager Goodwill Industries International
(240) 333-5590
cell (240) 620-7703
charlene.sarmiento@goodwill.org

###

The Bon-Ton Stores kicks off the largest, longest-running Goodwill® donation drive on September 14
The Bon-Ton Stores kicks off the largest, longest-running Goodwill® donation drive on September 14

 

Source: The Bon-Ton Stores, Inc./globenewswire

The Bon-Ton Stores, Inc. enhances its omni-channel capabilities with company-wide launch of “Buy Online, Pick Up In-Store” service

MILWAUKEE, 2016-Sep-05 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT), which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, announced that is has launched a “Buy Online, Pick Up In-Store” service for its customers.  Shoppers on the company’s seven websites can now see in-store availability of all merchandise and select which items they wish to pick up in-store and which ones they wish to have shipped directly them.   Customers can then conveniently pick up selected items at their preferred store location, taking advantage of our dedicated service centers for no additional fee.  The service is available in all product categories, including apparel, shoes, accessories, cosmetics and soft and hard home goods.

To ensure exceptional service to customers, Bon-Ton tested the program for several months in its Milwaukee market before launching “Buy Online, Pick Up In-Store” company-wide.

“We continue to enhance our company’s omni-channel capabilities to better serve our customers,” said Kathryn Bufano, president and CEO for The Bon-Ton Stores, Inc. “Buy Online, Pick Up In-Store, will make shopping easier and more convenient for our customers.”

After placing an order, customers receive an email, or optional text, confirming the order is ready for pick-up.  With Bon-Ton’s four-hour processing standard, shoppers can enjoy the flexibility of placing an order in the morning and having it ready to pick-up over the lunch hour, after work or between errands. “Buy Online, Pick Up In-Store” furthers the company’s omni-channel strategy by offering customers another convenient shopping alternative.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

MEDIA CONTACT:
Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc./GLOBE NEWSWIRE

More than 2 million pounds of merchandise donated during the Bon-Ton Goodwill Sale

  • Donations provide 303,000 hours of Goodwill training in local communities

MILWAUKEE, 2016-Apr-26 — /EPR Retail News/ — Goodwill Sale donors and shoppers at The Bon-Ton Stores, Inc. (NASDAQ:BONT) 267 stores, including Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers locations, donated clothing, shoes, accessories and other household textiles weighing 2.1 million pounds during the Bon-Ton Goodwill Sale March 9 through March 26, 2016. This season’s donations will be sold in Goodwill stores and will generate approximately 10 million dollars in revenue enabling Goodwill to provide 303,000 hours of Goodwill job training and support services throughout the communities where Bon-Ton and Goodwill operate.

Customers were encouraged to clean out their closets and bring donation items to their local Goodwill or Bon-Ton Stores location. In return, donors received coupons up to 25 percent off for every item donated. Customers could also donate five dollars to receive three coupons.

“Donations during the Bon-Ton Goodwill Sale help Goodwill provide critical job training services and support to citizens looking for employment,” said Kim Zimmer, chief marketing officer and senior vice president of global development of Goodwill Industries International. “Bon-Ton’s commitment to serving their communities has a positive impact on thousands of people, helping them find jobs and care for their families.”

The partnership with Bon-Ton Stores is Goodwill’s longest-running department store collaboration. For 22 consecutive years, the organizations have joined forces to give shoppers the opportunity to give back by donating during this biannual in-store event. In return, Bon-Ton provides special saving coupons to customers for each item donated.   Events like the Bon-Ton Goodwill Sale are vital to driving the donations and contributions that supportGoodwill’s work, which is based on the belief that the power of work can change lives, support family stability and improve communities.

“We are thrilled with the amount of donations we collected from our customers and associates during the Spring Bon-Ton Goodwill Sale,” said Kathryn Bufano, president and chief executive officer of The Bon-Ton Stores, Inc. “At Bon-Ton, we are committed to giving back in every community we serve and we are proud to have made such an impact by helping people find jobs through Goodwill services.”

To learn more about the Bon-Ton Goodwill Sale, visit www.goodwill.org/bonton or www.bonton.com/goodwill.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit www.bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram,Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

About Goodwill Industries International
Goodwill Industries International is a network of 164 community-based organizations in the United States and Canada with a presence in 13 other countries. Goodwill is one of America’s top 20 most inspiring companies (Forbes, 2014). Goodwill organizations are innovative and sustainable social enterprises that fund job training programs, employment placement services and other community-based programs by selling donated clothing and household items in more than 3,100 stores and online at shopgoodwill.com®. Local Goodwill organizations also build revenue and create jobs by contracting with businesses and government to provide a wide range of commercial services, including packaging and assembly, food services preparation, and document imaging and shredding. Last year, Goodwill placed 312,000 people in employment in the United States and Canada. In addition, more than 35 million people used computers and mobile devices to access Goodwill education, training, mentoring and online learning services to strengthen their skills. To learn more, visit goodwill.org.

To find a Goodwill location near you, use the online locator at Goodwill.org, use the Goodwill Locator app at goodwill.org/apps or call (800) GOODWILL. Follow us on Twitter: @GoodwillIntl and @GoodwillCapHill, and find us on Facebook: GoodwillIntl.

CONTACTS:

Christine Hojnacki, Vice President Public Relations
414.347.5329, cell 262.378.9354
Christine.Hojnacki@bonton.com

Charlene Sarmiento
Goodwill Industries International, PR Program Manager
(240) 333-5590
Charlene.Sarmiento@goodwill.org

Source: The Bon-Ton Stores, Inc.

News Provided by Acquire Media

The Bon-Ton Stores, Inc. retired its remaining mortgage loan facility due in April using borrowings under its $830 million revolving credit facility

YORK, Pa., 2016-Jan-25 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced that, effective as of January 15, 2016,  it has retired its remaining mortgage loan facility due in April using borrowings under the Company’s $830 million revolving credit facility.  The mortgage loan facility had principal outstanding of $102.4 million and was secured by 12 properties.  In June of 2015, the Company retired the first of its two mortgage loan facilities in the amount of $104.5 million. The consummation of these two transactions fully satisfies all obligations pursuant to the Company’s aggregate mortgage loan facility entered into on March 6, 2006.

To facilitate the transaction, the Company’s revolving credit facility was amended to include the special purpose entities (“SPEs”) that had previously participated in the Company’s two mortgage loan facilities.  Pursuant to the amendment, all 18 properties owned by the SPEs became real estate in which security interests were granted under the revolving credit facility.  As a result, the borrowing base availability under the revolving credit facility increased to reflect the addition of the properties.

Kathryn Bufano, President and Chief Executive Officer, commented, “We were able to retire our remaining mortgage facility through our recent proactive pursuit of increased borrowing capacity under our revolving credit facility.  That increased capacity and the granting of security interests in the 18 owned properties afforded us the flexibility to utilize our revolver for retirement of the mortgage facility while maintaining sufficient liquidity to effectively manage our business and fund strategic initiatives to position us for long-term profitable growth.”

In conjunction with the early termination of the mortgage loan facility, the Company will pay $1.3 million to satisfy the make-whole provision of the agreement.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2015 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.  Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators.  Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

CONTACT:

Kim George
Divisional Vice President
Investor Relations
717.751.3071
kim.george@bonton.com
Source: The Bon-Ton Stores, Inc.

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The Bon-Ton Stores announces its store sales for the nine-week holiday period ended January 2, 2016

  • Company Reports a 1.6% Comparable Store Decrease in Holiday Sales
  • Company Reaffirms Full-Year Adjusted EBITDA Guidance

YORK, Pa., 2016-Jan-14 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced that its comparable store sales for the nine-week holiday period ended January 2, 2016 decreased 1.6%, in line with guidance provided on November 19, 2015. Total sales for the combined months of November and December were $784.4 million, a decrease of 1.5% from sales of $796.4 million in the prior year nine-week holiday period.

Kathryn Bufano, President and Chief Executive Officer, commented, “We saw a significant improvement in holiday sales following soft selling trends during an unseasonably warm November. The rebound began with a successful Black Friday event and extended through the month of December. We also drove double-digit sales growth in our omnichannel operations, successfully leveraging our new West Jefferson facility and store-fulfillment network. Based on current sales trends, we are maintaining our full-year Adjusted EBITDA guidance (see Note 1) of a range of $110 million to $120 million, exclusive of implementation costs associated with planned expense reductions in fiscal 2016. We expect to be at the low end of this range given the higher level of promotional activity, particularly in seasonal goods. The decrease in sales of cold-weather merchandise, in fact, exceeded increases we otherwise achieved in non-seasonal merchandise categories. That said, overall we are pleased to see the traction we are gaining on some of our merchandising initiatives and will remain focused on continued execution while prudently managing our inventory levels and expenses.”

The Company will provide additional details on March 15, 2016 when it reports its results for the fourth quarter and fiscal 2015 periods ending January 30, 2016.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2015 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators. Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

Note 1: As used in this release, Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation and amortization, including amortization of lease-related interests, impairment charges and loss on extinguishment of debt. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles (“GAAP”). However, we present Adjusted EBITDA in this release because we consider it to be an important supplemental measure of our performance and because it is frequently used by securities analysts, investors and other interested parties to evaluate the performance of companies in our industry and by some investors to determine a company’s ability to service or incur debt. In addition, our management uses Adjusted EBITDA internally to compare the profitability of our stores. Adjusted EBITDA is not calculated in the same manner by all companies and, accordingly, is not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. Adjusted EBITDA should not be assessed in isolation from or construed as a substitute for net income or cash flows from operations, which are prepared in accordance with GAAP. Adjusted EBITDA is not intended to represent, and should not be considered to be a more meaningful measure than, or an alternative to, measures of operating performance as determined in accordance with GAAP.

The Bon-Ton Stores, Inc.
Kim George, 717-751-3071
Divisional Vice President
Investor Relations
kim.george@bonton.com

Source: The Bon-Ton Stores, Inc.

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The Bon-Ton Stores CEO Bufano: Community Days is a great opportunity for local schools and non-profit organizations to raise funds and increase visibility in their community

Groups Can Raise Funds by Selling Community Days Booklets Through February 27

MILWAUKEE, 2016-1-8 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT), which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, invites local schools and non-profit groups to sign up for the company’s semi-annual Community Days event. Local groups are invited to sign up now at www.communitydayevent.com to sell Community Days savings booklets in their neighborhoods and online.  The shopping event will be held on February 26 and February 27, with savings booklet donations benefitting local non-profit organizations. For the fourth consecutive year, customers may also designate donations to the American Heart Association (AHA) to support heart health.

“Community Days is a great opportunity for local schools and non-profit organizations to raise funds and increase visibility in their community,” saidKathryn Bufano, President & CEO, The Bon-Ton Stores, Inc. “Bon-Ton is proud to continue to support the communities that we serve.”

Eligible Community Days organizations include schools and 501(c) (3) nonprofit organizations. These organizations sell coupon booklets for a $5donation to support their organization; the organization keeps 100% of the $5 donation. When an organization registers to sell the books online, they will receive a unique online selling link that can be e-mailed to supporters, friends and family. Sellers are encouraged to utilize the link on all social media channels.

Now through Saturday, February 27, customers can purchase a $5 Community Days booklet from a local participating organization,  in any Bon-Ton,Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s or Younkers store or online. In return, the purchaser receives the valuable booklet of offers, which pays the donor back with a $10 off coupon.  The booklet also contains a 25% off shopping pass, a 30% item coupon and over $500 in exclusive coupon savings to use at all stores and online during the Community Days event February 26-27.

During the November Community Days event in 2015, schools and nonprofit organizations raised over $5.4 million. Since 1999, Bon-Ton Stores Community Days has helped thousands of local non-profit 501(c) (3) groups and schools raise more than $130 million to support local community initiatives. For more information or to support a participating organization, visit www.communitydayevent.com.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes ten furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.  The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit www.bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter,Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

CONTACTS: Christine Hojnacki, Vice President Public Relations 414.347.5329, cell 262.378.9354 Christine.Hojnacki@bonton.com Nicole Koremenos, Senior PR Coordinator 414.347.1152 ext. 3278 Nicole.koremenos@bonton.com

 

Source: The Bon-Ton Stores, Inc.

News Provided by Acquire Media

The Bon-Ton Stores to host Santa Fest in all of its 252 Bon-Ton department stores on Saturday, Dec 5

Parents Can Take Photos of Their Children With Santa From 11:00 a.m. – 2:00 p.m.

MILWAUKEE, 2015-12-3 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT), which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, has announced it will host Santa Fest in all of its 252 Bon-Ton department stores onSaturday, December 5 for Santa Fest, a one day shopping event where children can get their photos taken with Santa*, enter for a chance to win prizes including $25 gift cards and one giant three-foot tall teddy bear. Everyone can enjoy free Ghirardelli candy giveaways, candy canes and Keurig brewed hot chocolate while participating in fun activities.

Each store will transform their kids department into a festive, holiday celebration from 11:00 a.m. to 2:00 p.m. During this time, Santa will be available for photos and children can participate in activities including make your own ornament, holiday coloring sheets and decorating a holiday postcard. Parents can save 30 percent on their entire children’s purchases throughout the entire day and choose from a great selection of holiday dresswear, gifts and unique toys.

“We are so excited to celebrate the holiday season with our shoppers and their families by hosting Santa Fest in all of our department stores,” said Kathryn Bufano, President and CEO, The Bon-Ton Stores, Inc. What a wonderful way to spread cheer and make shopping for those special people on your list even more enjoyable.”

Contact your local Bon-Ton store for more information on Santa Fest. Click here to find the store nearest you.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes ten furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit www.bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

* Customers are encouraged to bring their own cameras or smart phone to take photos with Santa.

CONTACT: Christine Hojnacki, Vice President Public Relations 414.347.5329, cell 262.378.9354 Christine.Hojnacki@bonton.com Nicole Koremenos, Senior PR Coordinator 414.347.1152 ext. 3278 Nicole.koremenos@bonton.com

Source: The Bon-Ton Stores, Inc.

News Provided by Acquire Media

The Bon-Ton Stores Q3 FY2015 results: results were challenged as sales were pressured by unseasonably warm weather

YORK, Pa., 2015-11-21 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today reported operating results for the third quarter of fiscal 2015, the 13-week period ended October 31, 2015.

Third Quarter Overview

  • Comparable store sales decreased 2.6% in the third quarter as compared with the prior year period.
  • Gross margin rate decreased 286 basis points as compared with last year to 33.4% of net sales in the current year period.
  • Selling, general and administrative (“SG&A”) expense decreased $0.7 million in the third quarter compared with the prior year period.
  • Adjusted EBITDA was $5.7 million in the third quarter of fiscal 2015. (Adjusted EBITDA is not a measure recognized under generally accepted accounting principles – see Note 1.) Adjusted EBITDA was $28.4 million in the third quarter of fiscal 2014.
  • Net loss in the third quarter of fiscal 2015 was $34.0 million, or $1.72 per diluted share, compared with net loss of $11.0 million, or $0.57 per diluted share, in the third quarter of fiscal 2014.
  • The Company completed a $75 million accordion exercise on August 28 and, subsequent to the third quarter of fiscal 2015, completed a second transaction of $80 million that cumulatively expanded its borrowing capabilities under its revolving credit facility by $155 million, bringing total revolving commitments to $830 million.

Comments

Kathryn Bufano, President and Chief Executive Officer, commented, “Clearly, our third quarter results were challenged as sales were pressured by unseasonably warm weather, which significantly impacted our cold-weather classifications, and by continued weakness in overall traffic trends. However, customers strongly responded to our expanded brand offerings and we also saw sustained momentum in certain core categories. Recognizing that the competitive environment is likely to continue, we remain focused on creating a differentiated and compelling product assortment and leveraging our home town strategy. We also continued to control our expenses, resulting in a net reduction in SG&A in the period. We ended the quarter in a healthy inventory position in terms of freshness and content, primed for holiday selling. Additionally, as previously announced, we amended our private label credit card agreement, extending a valued and successful partnership three years to 2022.”

Ms. Bufano continued, “Looking ahead, we are not anticipating major changes in the retail environment in the near term. Accordingly, we are pursuing a number of avenues to drive additional process improvements and further reduce expenses.” The Company’s plan is expected to yield approximately$35 million in annual savings in fiscal 2016. These expense savings, which will benefit SG&A expenses and gross margin, combined with lower capital spending and inventory levels, will positively impact 2016 cash flow.

Third Quarter Details

Comparable store sales in the third quarter of fiscal 2015 decreased 2.6%. Total sales in the period decreased 3.0% to $623.4 million, compared with$642.7 million in the third quarter of fiscal 2014.  Sales were adversely impacted by unseasonably warm weather and the continuation of soft traffic trends. Despite these challenges, we achieved a 3.0% increase in sales associated with our proprietary credit card and sales growth in eCommerce, primarily due to a higher conversion rate.  The sales performance in our small and mid-tier stores continued to outpace that of our larger locations. Year-to-date fiscal 2015 comparable store sales decreased 1.0%.

Other income in the third quarter of fiscal 2015 was $17.5 million, compared with $16.0 million in the third quarter of fiscal 2014. The increase was largely the result of increased revenues associated with our proprietary credit card operations. Proprietary credit card sales, as a percentage of total sales, increased 299 basis points to 54.5% in the third quarter of fiscal 2015.

The gross margin rate in the third quarter of fiscal 2015 decreased 286 basis points as compared with the third quarter of fiscal 2014 to 33.4% of net sales, largely the result of increased net markdowns and increased distribution and delivery costs associated with omnichannel selling efforts in the current quarter. Gross profit decreased $24.9 million to $208.4 million in the third quarter of fiscal 2015 as a result of both decreased sales volume and rate in the period.

In the third quarter of fiscal 2015, SG&A expense was $220.2 million, a decrease of $0.7 million from the third quarter of fiscal 2014 results. This reduction was largely driven by expense control measures as well as the avoidance of costs incurred in the prior year related to the implementation of our expense efficiency initiative, partially offset by increased advertising expenses and continued investment in omnichannel operations. SG&A expense rate increased 95 basis points to 35.3% of net sales in the third quarter of fiscal 2015 as a result of the decreased sales volume in the period.

The Company’s excess borrowing capacity under its revolving credit facility, which includes the $75 million increase as a result of the accordion exercise completed on August 28, was $250.2 million at the end of the third quarter of fiscal 2015.

The Company’s Board of Directors did not declare a dividend at this time as a result of the current shareholders’ deficit and the requirements ofPennsylvania state law. The Board of Directors will revisit the declaration of a dividend at the end of fiscal 2015.

Guidance

For fiscal 2015, the Company now expects Adjusted EBITDA in a range of $110 million to $120 million. Earnings per diluted share are expected to be in a range of a loss of $2.15 to $2.65 and cash flow (see Note 2) is now expected to be in a range of ($30) million to ($40) million.

Assumptions reflected in our full-year guidance include the following:

  • A  comparable store sales performance ranging from a decrease of 0.5% to 1.5%;
  • A gross margin rate ranging from a decrease of 70 to 80 basis points from the fiscal 2014 rate of 35.7%;
  • An SG&A expense rate ranging from a 30- to 60-basis-point increase over the fiscal 2014 rate of 32.9%;
  • Capital expenditures not to exceed $71 million, net of external contributions; and
  • An estimated 20 million average diluted shares outstanding.

Guidance does not reflect any potential impact associated with an early termination of the Company’s remaining mortgage facility, thereby excluding the financial effect of the make-whole provision in the agreement, which could range up to approximately $2 million. It also does not include any implementation costs associated with the planned expense reductions in fiscal 2016, as those costs have yet to be determined.

Call Details

The Company’s quarterly conference call discussing its third quarter fiscal 2015 results will be broadcast live today at 10:00 a.m. Eastern time. Investors and analysts interested in participating in the call are invited to dial (888) 211-4434 at 9:55 a.m. Eastern time and reference conference ID 4537346. A taped replay of the conference call will be available within two hours of the conclusion of the call and will remain available throughThursday, November 26, 2015. The number to call for the taped replay is (877) 870-5176 and the replay PIN is 4537346. The conference call will also be broadcast on the Company’s website at http://investors.bonton.com. An online archive of the webcast will be available within two hours of the conclusion of the call.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2015 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company.   Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors or changes in the competitive environment; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators. Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

Note 1: As used in this release, Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation and amortization, including amortization of lease-related interests, impairment charges and loss on extinguishment of debt. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles (“GAAP”). However, we present Adjusted EBITDA in this release because we consider it to be an important supplemental measure of our performance and because it is frequently used by securities analysts, investors and other interested parties to evaluate the performance of companies in our industry and by some investors to determine a company’s ability to service or incur debt. In addition, our management uses Adjusted EBITDA internally to compare the profitability of our stores. Adjusted EBITDA is not calculated in the same manner by all companies and, accordingly, is not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. Adjusted EBITDA should not be assessed in isolation from or construed as a substitute for net income or cash flows from operations, which are prepared in accordance with GAAP. Adjusted EBITDA is not intended to represent, and should not be considered to be a more meaningful measure than, or an alternative to, measures of operating performance as determined in accordance with GAAP. A reconciliation of net loss to Adjusted EBITDA is provided in the financial schedules accompanying this release.

Note 2: As used in this release, cash flow reflects the forecasted net loss, plus depreciation and amortization, amortization of lease-related interests and impairment charges, less capital expenditures and pension contributions.

CONTACT: Kim George

Divisional Vice President
Investor Relations
717.751.3071
kim.george@bonton.com

Source: The Bon-Ton Stores, Inc.

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The Bon-Ton Stores launches exclusive online holiday gift guide

Win $15,000 in Prizes by Entering the Very Merry Gift Guide and Sweepstakes Beginning December 1

MILWAUKEE, 2015-11-18 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) which operates Bon-Ton, Boston Store, Bergner’s, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, has fashionable gifts for everyone on your list this holiday season. We want to make shopping simple for our customers by offering an exclusive online holiday gift guide designed specifically for our shoppers. Starting December 1, we are unveiling our Very Merry Gift Guide and Sweepstakes, which features 21 unique interest-based gift guides designed to get that “oh-my-goodness-how-did-you-know” reaction. To make your holidays brighter, we are hosting Santa Fest on Saturday, December 5, in all 252 Bon-Ton department stores.

“This holiday season, our customers will find stylish gifts they desire from brands they love for every budget,” said Kathryn Bufano, President & CEO,The Bon-Ton Stores, Inc. “We are pleased to offer shoppers an easy, convenient shopping experience both in-store and online with a wide-array of designer products and exclusive brands for the entire family.”

No matter if you’re shopping in-store, on the Bon-Ton mobile app, or online at www.bonton.com, www.bergners.com, www.bostonstore.com,www.carsons.com, www.elder-beerman.com, www.herbergers.com and www.younkers.com, we can guarantee your shopping experience will be filled with extraordinary customer service. All stores are equipped with Wi-Fi and offer a new “Let Us Find It” tool to help customers find the unique brands and products that inspire.

The Very Merry Gift Guide and Sweepstakes

New this year, Bon-Ton will kick off the Very Merry Gift Guide and Sweepstakes – a Christmas countdown sweepstakes. Starting December 1, 21 gift guides will be revealed. Each gift guide features 10 unique items for specific people on your list based on personality and interests—designed to get you that “oh-my-goodness-how-did-you-know” reaction (i.e., “Glam Gifts for the Beauty Lovers,” “Gifts Foodies Will Eat Right Up,” Gifts for the Modern Gentleman” and “One-Size Fits All Gifts for Trend Setters”). Each day participants will have the opportunity to enter for their chance to win all of the items featured on that day’s gift guide. To sweeten the deal, one grand prize winner will win all 210 items on all featured gift guides with an estimated value of$15,000 in prizes. To enter, visit www.bonton.com/verymerry or text MERRY to 266866 to receive daily reminders for the Very Merry Gift Guide and Sweepstakes campaign.*

Santa Fest

On Saturday, December 5, from 11 a.m. to 2 p.m., Santa will be in all 252 Bon-Ton department stores. We will transform our kids department into a festive, holiday celebration for Santa Fest, a one day shopping event where parents can take photos of their children with Santa (customers are encouraged to bring their own cameras or smart phone to take photos). Everyone will enjoy free Ghirardelli candy giveaways, candy canes and Keurigbrewed hot chocolate along with fun activities including make your own ornament, holiday coloring sheets and postcards. At every store, customers can register to win one of three $25 gift cards or one exclusive 2015 “Santa Fest Bear”. During this event, parents can save 30 percent off their entire children’s purchases (some exclusions apply) and kids will enjoy the cheerful environment.

“Give the Gift of a Great Future”

Bon-Ton’s exclusive collectible plush Teddy Bear, Cinnamon, is available at all 252 Bon-Ton department stores or online at www.bonton.com/bgca.Bon-Ton will donate 100 percent of the net proceeds to Boys & Girls Clubs of America and local chapters.

Stylish Gifts that Inspire

Sweater Spectacular

Choose from a variety of designer sweaters for everyone to keep warm and trendy this holiday season. From embellished cardigans by Calvin Klein, Michael Kors cowl neck sweaters, perfect ponchos from Lauren Ralph Lauren, Democracy and G. H. Bass, there is something for everyone. Step out in 100 percent comfy cashmere for ladies’ by ‘PLY’ and Weatherproof Vintage cashmere sweaters for men. Don’t forget to show off your silly side with a reindeer or snowman Critter sweater by Jolt & Love Always. An expanded men’s sweater collection makes it easier than ever to shop for every guy on your list. Select from a variety of favorite men’s designer sweaters in different colors, patterns and motifs by Polo Ralph Lauren, Nautica, John Bartlettand Izod.

Dress Destination

We are a one-stop shop for all your dress needs with a huge selection of styles and brands. Let the festivities begin in an Adrianna Papell cocktail dress, fit and flare dress by Nine West, a printed chiffon dress by BCBG Generation or a Calvin Klein sheath dress. Whether you’re going to a holiday party for work or a family gathering, we have a dress for every occasion at every price point. Some of our favorites include: Kensie, Karen Kane, Ivanka Trump, Jessica Simpson, Lauren Ralph Lauren, Vince Camuto and Guess.

Handbags

Every woman deserves a statement handbag. Choose from our brand new Vera Bradley collection, or iconic styles from Michael Kors, Coach, Calvin Klein and Dooney & Bourke. You can choose from great designers such as Lucky Brand, Kenneth Cole Reaction, Fossil, Jessica Simpson and The Sak. Each brand offers its chic and sophisticated signature collections including wristlets, wallets, cross body bags, totes and other small giftable items.

Jewelry and Watches

Give the perfect gift of glitz and sparkle with designer watches from Kate Spade, Michael Kors, Coach, Fossil and Skagen. Diamonds are a girl’s best friend. Choose from an assortment of classic diamond bracelets, necklaces and stackable rings by EFFY. Pick out unique and delightful earrings or necklace from Betsey Johnson’s jewelry collection and deliver heartfelt messages to loved ones with Gratitude & Grace stackable bracelets. No matter what you choose, you can’t go wrong with our great new styles for gift giving.

Shoes and Boots

Whatever the weather, we have gifts to sooth the sole. Dress up your feet for the holidays with Coach booties, Donald Pliner and Dolce Vita heels, Jessica Simpson platform pumps, and Nine West wedges. Boot must-haves for the season include tall leather boots by Frye, ladies’ duck boots by Sperry and Tommy Hilfiger, rain boots by Lauren Ralph Lauren, Coach and Michael Kors, and fur and fleece cold weather boots by Sorel.

Fragrances

We have everyone’s signature scent. Whether you’re looking for rollerballs, 3-piece gift sets, or everything in between we have beauty gifts for everyone on your list. New fragrances include Black Opium by Yves Saint Laurent, Illicit by Jimmy Choo, Modern Muse Le Rouge by Estee Lauder and Decadence by Marc Jacobs. Classic designer scents include Aqua di Gio by Georgio Armani, Viva La Juicy by Juicy Couture, Dolce & Gabbana Light Blue, Miss Dior, Sauvage and J’adore by Dior.

Sophisticated Gifts for Him

Every man needs a classic designer holiday outfit. Select a dress shirt and tie from Michael Kors, Tommy Hilfiger, Lauren Ralph Lauren, Kenneth Cole Reaction, Van Heusen and John Bartlett for any special occasion. Dress up for the cold weather with a top coat, sport coat or blazer by Michael Kors and other top designer brands. Give the gift that will last a lifetime for those who love to travel with the sophisticated Polo Ralph Lauren leather duffel,John Bartlett watch box and hanging toiletry bag, or a Perry Ellis 10-piece manicure set.

Activewear

Choose from a variety of styles such as leggings, cropped pants, compression tights, sweatshirts, thermal wear, joggers and fleece zip-ups from Under Armour, Columbia, DKNY, Adidas, Marc New York Performance, Avalanche, Extertek, Puma, Champion, Reebok and Calvin Klein Performance. Don’t forget to get the gear to cheer with NFL and NCAA team accessories, apparel and loungewear for the whole family.

Outerwear

Bundle up in outerwear. Stay warm this holiday season with packable down jackets from 32 Degrees, MICHAEL Michael Kors, and Halifax. Available in short and length lengths in a variety of colors. Includes a bag for easy travel! We also have styles in a large assortment of categories, including faux fur trimmed down, wool, and active jackets for all the ladies on your shopping list. Styles from Calvin Klein, GUESS, Jessica Simpson, Columbia and more.

Kids’

Mix and Match is key. Coordinate different styles and patterns to create easy outfits from brands such as Little Miss Attitude and OshKosh B’gosh and Carter’s. Adorably festive kids’ holiday dress wear available from Calvin Klein, Izod, Amy Byer, Sweet Heart Rose and Chaps. Put a smile on their face with favorite Disney character tees and Star Wars gifts for your little Jedi and intergalactic princess. Unique toy gift picks include Discovery Kids sketch projector, build-a-fort and teepee, 3-in-1 tabletop art station and remote-controlled toys.

Deck the Halls with Holiday Décor

Don’t forget to give your home a gift this year. If you’re hosting a party or snuggling by the fireplace, decorate with Swarovski crystal ornaments, crystal gifts & barware from Waterford (guests will love our snowflake wishes collectible series!) and serve your holiday meal on our classic Lenox dinnerware and accessories. New this season, we offer Kate Spade for your home, including barware, giftware, drinkware, casual china, linens and home décor. For those who enjoy relaxing, snuggle up in a cozy throw from LivingQuarters and a variety of holiday quilts. Welcome your guests with holiday candle aromas by Yankee Candle, WoodWick, LivingQuarters and Deco Glow.

Everyday Kitchen Essentials

We have everyday kitchen essentials. Brew a cup of good cheer and a variety of cold beverages with the new Keurig KOLD drink maker system andKeurig 2.0 machines in multiple colors and spread the holiday warmth with the perfect stocking stuffer novelty mugs. Get juiced with our Ninja and Nutra Bullet blenders or upgrade to a Kitchen Aid Stand Mixer in all colors including the popular new color, Ice blue. Buy your Cuisinart Elements 10-piece ceramic cookware set and receive a six-piece mixing bowl set as your gift with purchase.

Santa’s Pantry

Giftable and tasty holiday treats. Dig in to delicious gifts from Stubbs, Hickory Farms, Johnsonville and Corona. For all those popcorn lovers, we have everything you desire from Wabash Valley Farms. Sweet treats everyone will love from Starbucks, Godiva, and the iconic gold box of chocolates fromHarry London. Satisfy your sweet tooth with candy filled gifts from Asher’s chocolate covered pretzels to Sanders assorted chocolates.

These gifts and more are available online by viewing our Holiday Gift Guide available here.

Online orders will receive free standard shipping with a minimum $75 purchase when entering the free shipping promo code available on the web site. Orders received by midnight on December 21 will be delivered by Christmas when selecting the special delivery promo code, also available on the web site.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in Milwaukee, Wisconsin and York, Pennsylvania, operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.

For store locations and information visit www.bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter,Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

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CONTACT: Christine Hojnacki, Vice President Public Relations 414.347.5329, cell 262.378.9354 Christine.Hojnacki@bonton.com Nicole Koremenos, Senior PR Coordinator 414.347.1152 ext. 3278 Nicole.koremenos@bonton.com

 

Source: The Bon-Ton Stores, Inc.

News Provided by Acquire Media

Nancy A. Walsh appointed Executive VP, CFO at The Bon-Ton Stores, Inc.

YORK, Pa., 2015-11-9 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced the appointment of Nancy A. Walsh to the position of Executive Vice President, Chief Financial Officer of the Company, effective November 9, 2015. Ms. Walsh will have responsibility for Accounting, Treasury, Tax, Credit, Investor Relations, Legal and Internal Audit.

Ms. Walsh brings more than 30 years of valuable experience to Bon-Ton, having held a variety of leadership roles in diverse financial functions throughout her career. She most recently served as Senior Vice President of Finance at Coach, Inc., a leading global company marketing accessible luxury handbags and accessories. In this role, Ms. Walsh was responsible for all corporate financial risk functions, with a focus on financial and strategic planning, capital structure optimization, cost reduction and cash management. Previous assignments at Coach included Chief Risk Officer, Vice President of Finance and Chief Financial Officer of its worldwide wholesale division. Ms. Walsh has had previous experience as Assistant Treasurer of Viacom, Inc., a global media and entertainment company, and The Timberland Company, a manufacturer and worldwide retailer of premium footwear and apparel. Ms. Walsh has a Master of Business Administration degree from Northeastern University and a Bachelor of Arts degree from the University of New Hampshire.

Commenting on Ms. Walsh’s appointment, Kathryn Bufano, President and Chief Executive Officer, said, “We are delighted to have Nancy join our executive leadership team. She has a proven track record and brings an extensive financial background and strategic planning experience to Bon-Ton. We also look forward to benefiting from her expertise in capital structure optimization and working capital management as we continue to execute our plan, strengthen our balance sheet and advance our goals.”

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2015 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators. Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

CONTACT: Kim George

Divisional Vice President
Investor Relations
717.751.3071
kim.george@bonton.com

Source: The Bon-Ton Stores, Inc.

News Provided by Acquire Media

The Bon-Ton Stores closes its Elder-Beerman stores in Huntington Mall in Huntington, West Virginia and Lima Mall in Lima, Ohio

YORK, Pa., 2015-10-22 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced it will close its Elder-Beerman stores in the Huntington Mall in Huntington, West Virginia and the Lima Mall in Lima, Ohio. The Company will not renew these leases, which terminate January 31, 2016. Additionally, the Company announced the closing of its Bon-Ton store in the Carousel Center in Syracuse, New York upon its scheduledFebruary 28, 2016 lease termination. The closings will impact 58, 51 and 43 associates at the Huntington Mall, Lima Mall and Carousel Center locations, respectively.

Bon-Ton acquired the leasehold interests in the Carousel Center store as part of its Chappell’s acquisition in 1994 and the Huntington Mall and Lima Mall stores as part of its Elder-Beerman acquisition in 2003. The Company does not expect costs associated with the closing of the locations to be material. The stores will close at the end of their lease terms.

Kathryn Bufano, President and Chief Executive Officer, commented, “We actively review our store portfolio to ensure efficient asset utilization. While decisions to close stores are not taken lightly, closings are part of ongoing real estate initiatives in which we strategically conclude operations at underperforming locations, enabling us to redirect capital into more profitable and productive assets. As a result of our performance reviews, we felt it prudent to close the aforementioned stores. We are very grateful for the dedicated Huntington, Lima and Carousel Center store associates and are committed to providing assistance to these associates.”

The affected associates in the Huntington Mall, Lima Mall and Carousel Center stores will be offered the opportunity to interview for available positions at other Elder-Beerman or Bon-Ton stores, or receive career transition benefits, including severance, according to established practices and state employment service support.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which includes nine furniture galleries and four clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which may be identified by words such as “may,” “could,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “project,” “intend” or other similar expressions and include the Company’s fiscal 2015 guidance, involve important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. Factors that could cause such differences include, but are not limited to: risks related to retail businesses generally; a significant and prolonged deterioration of general economic conditions which could negatively impact the Company in a number of ways, including the potential write-down of the current valuation of intangible assets and deferred taxes; risks related to the Company’s proprietary credit card program; potential increases in pension obligations; consumer spending patterns, debt levels, and the availability and cost of consumer credit; additional competition from existing and new competitors; inflation; deflation; changes in the costs of fuel and other energy and transportation costs; weather conditions that could negatively impact sales; uncertainties associated with expanding or remodeling existing stores; the ability to attract and retain qualified management; the dependence upon relationships with vendors and their factors; a data security breach or system failure; the ability to reduce or control SG&A expenses, including initiatives to reduce expenses and improve efficiency; operational disruptions; unsuccessful marketing initiatives; the ability to expand our capacity and improve efficiency through our new eCommerce fulfillment center; changes in, or the failure to successfully implement, our key strategies, including initiatives to improve our merchandising, marketing and operations; adverse outcomes in litigation; the incurrence of unplanned capital expenditures; the ability to obtain financing for working capital, capital expenditures and general corporate purposes; the impact of regulatory requirements including the Health Care Reform Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act; the inability or limitations on the Company’s ability to favorably adjust the valuation allowance on deferred tax assets; and the financial condition of mall operators. Additional factors that could cause the Company’s actual results to differ from those contained in these forward-looking statements are discussed in greater detail under Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission.

CONTACT: Kim George

Divisional Vice President

Investor Relations

717.751.3071

kim.george@bonton.com

Source: The Bon-Ton Stores, Inc.

News Provided by Acquire Media