The Bon-Ton Stores, Inc. Announces January Sales.~Bon-Ton Comparable Store Sales increased 6.4% for the Month~ ~Carson's Comparable Store Sales increased 0.2% for the Month~ ~Bon-Ton and Carson's Combined Comparable Store Sales increased 2.2% for the Month~ YORK, Pa. -- The Bon-Ton Stores, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BONT) today announced total sales for the five weeks ended February 3, 2007 increased 283%, to $240.6 million, compared to $62.8 million for the prior year period. January sales include $161.3 million from Carson's and Parisian stores acquired in 2006. Bon-Ton comparable store sales for the four weeks ended January 27, 2007 increased 6.4% compared to the four-week period last year. For the fourth quarter of fiscal 2006, total sales increased 169% to $1,249.6 million compared to $464.6 million for the prior year period. Fourth quarter sales include $805.7 million from Carson's and Parisian stores. Bon-Ton comparable store sales for the thirteen weeks ended January 27, 2007 decreased 5.6% compared to the prior year thirteen-week period. Fiscal 2006 total sales increased 161% to $3,362.3 million compared to $1,287.2 million for the prior year period. Fiscal 2006 sales include $2,119.1 million from Carson's stores for the period March 5, 2006 through February 3, 2007 and Parisian stores for the period October 29, 2006 through February 3, 2007. Bon-Ton comparable store sales for the fifty-two week period ended January 27, 2007 decreased 2.7% compared to the prior year fifty-two week period. Carson's sales are not included in the Company's reported comparable store sales; therefore, the following is provided for informational purposes only. Carson's comparable store sales for the four weeks ended January 27, 2007 increased 0.2%, for the thirteen weeks ended January 27, 2007 increased 4.4% and for the period March 5, 2006 through January 27, 2007 increased 4.3%. For Carson's and Bon-Ton combined, comparable store sales for the four weeks ended January 27, 2007 increased 2.2% and for the thirteen weeks ended January 27, 2007 increased 0.5%. Anthony J. Buccina, Vice Chairman and President - Merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. , commented, "We were pleased with our overall results for January. Seasonably sea·son·a·ble adj. 1. In keeping with the time or the season. See Usage Note at seasonal. 2. Occurring or performed at the proper time; timely. cold weather arrived and drove cold-weather businesses. The best performing categories for January on a combined company basis were Children's, Junior's, Men's Sportswear and Furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. , Women's Large-Size Sportswear and Missy Better Sportswear. Carson's comparable store sales were negatively impacted by a shift in the timing of two promotional events, one in the home area and one in cosmetics. We look forward to the spring season with fresher inventories than prior year." Financial results for the fourth quarter and fiscal 2006 are scheduled to be released Thursday, March 15, 2007. The Company's quarterly conference call to discuss the fourth quarter and fiscal 2006 financial results is scheduled to be broadcast live over the Internet on March 15, 2007 at 10:00 a.m. eastern time. To access the call, please visit the investor relations Investor relations The process by which the corporation communicates with its investors. section of the Company's website at www.bonton.com/investor/home.asp. An online archive of the broadcast will be available within one hour after the conclusion of the call. The Bon-Ton Stores, Inc. operates 282 stores, which includes eight furniture galleries, in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner's, Boston Store Boston Store is a major, mid-line department store in Milwaukee, Wisconsin, established in 1897 when Julian Simon opened his first store there. History Federated and Maus Freres S.A. , Carson Pirie Scott Carson Pirie Scott & Co., known informally as Carson's, is a chain of traditional department stores that have been in business for over 150 years. Their product price points are targeted to the moderate-to-upscale shopper. , Elder-Beerman, Herberger's and Younkers Younkers is a department store chain in the Midwestern United States. The chain concentrates on the middle and upper-class segments of the market. History Beginnings nameplates and under the Parisian nameplate, two stores in the Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait area. The stores offer a broad assortment of brand-name 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 www.bonton.com/investor/home.asp . Statements made in this press release, other than statements of historical information are forward-looking and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements involve risks and uncertainties that may cause results to differ materially from those set forth in these statements. Factors that could cause such differences include, but are not limited to, risks related to retail businesses generally, additional competition from existing and new competitors, uncertainties associated with opening new stores or expanding or remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling existing stores, risks related to the Company's integration of the business and operations comprising the recently-acquired Carson's and Parisian stores, the ability to attract and retain qualified management, the dependence upon key vendor relationships and the ability to obtain financing for working capital, capital expenditures and general corporate purposes. Additional factors that could cause the Company's actual results to differ from those contained in these forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are discussed in greater detail in the Company's periodic reports filed with the Securities and Exchange Commission. |
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