BON-TON TO OPEN STORE IN WATERTOWN, NEW YORK
BON-TON TO OPEN STORE IN WATERTOWN, NEW YORK YORK, Pa., June 18 /PRNewswire/ -- The Bon-Ton Stores, Inc.
(NASDAQ: BONT), the York based regional fashion department store chain, announced today that it has signed a lease agreement to open a store in the Salmon Run Mall in Watertown, N.Y.
The company will occupy a 50,000 square foot building previously operated by the Chappell's department store chain. The store will be remodeled and is expected to open for business under the Bon-Ton name in October 1992. The newest Bon-Ton store will carry the same brand-name fashion and accessory lines that the existing stores carry, including well-known names such as Liz Claiborne, Estee Lauder, Levi Strauss, Ralph Lauren and Esprit. Salmon Run is a one level, state-of-the-art, enclosed shopping mall which the company believes is the premier retail attraction in the Watertown market. The 560,000 square foot shopping center, which contains 80 shops and 4 other anchor stores, including Sears, JC Penney, Steinbach and Hills, draws shoppers from surrounding Jefferson County. Tim Grumbacher, Bon-Ton's chairman and chief executive officer, commented, "We are very excited about the new store location as we see considerable opportunity for profitable growth in the upstate New York region. As the main shopping destination in Watertown, the Salmon Run Mall is a prime beneficiary of the stable Jefferson County economy. Because of its proximity to the Canadian border, our new store should also benefit from Canadian shoppers drawn to the Bon-Ton fashion image." Upon completion of this transaction, the Bon-Ton will operate 35 department stores in secondary markets in Pennsylvania, Maryland, New York and West Virginia. The stores carry broad assortments of brand- name fashions and accessories for women, men and children, as well as home furnishings. -0- 6/18/92 /CONTACT: Naomi Rosenfeld or Amy Ludwig of Morgen-Walke Associates, 212-986-5900, for Bon-Ton Stores/ (BONT) CO: Bon-Ton Stores, Inc. ST: Pennsylvania, New York IN: REA SU:
AH-OS -- NY066 -- 1643 06/18/92 16:21 EDT
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|Date:||Jun 18, 1992|
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