The Bon-Ton Stores, Inc. Announces November Sales.Bon-Ton Comparable Stores Sales decreased 10.5% for the Month Carson's Comparable Store Sales increased 6.6% for the Month Combined Comparable Store Sales for the Month were Even with the Prior Year Period 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 four weeks ended November 25, 2006 increased 159% to $367.0 million compared to $141.9 million for the same period last year. November sales include $242.5 million from the Carson's and Parisian stores. Bon-Ton comparable store sales decreased 10.5%. Year-to-date total sales increased 157% to $2,479.7 million compared to $964.5 million for the prior year period. Year-to-date sales include $1,555.9 million from the Carson's stores for the period March 5, 2006 through November 25, 2006 and Parisian stores for the period October 29, 2006 through November 25, 2006. Year-to-date Bon-Ton comparable store sales decreased 2.4%. 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 November 25, 2006 increased 6.6% and for the period March 5, 2006 through November 25, 2006 increased 4.7%. For Carson's and Bon-Ton combined, comparable store sales for the four weeks ended November 25, 2006 were even with the prior year period. Anthony J. Buccina, Vice Chairman and President - Merchandising, commented, "We were pleased with our overall results for November, which included record-breaking sales for our two biggest sale volume days of the year. Our Community Day sale and After-Thanksgiving Day sale events drove double-digit increases, however the Bon-Ton customer did not respond to our Customer Appreciation Sale and Private Night Sale events, which resulted in the comparable store sales decrease in the Bon-Ton stores." Mr. Buccina continued, "The best performing categories for November on a combined company basis were Hard Home, Junior's, Shoes, Better Sportswear, Furniture and Women's Large-Size Sportswear. Our worst performing categories were Soft Home, Accessories and Dresses and Suits." The Bon-Ton Stores, Inc. operates 275 department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. and seven 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, one store in each of Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. and Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. and two stores in the Detroit, Michigan 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 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. 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 are discussed in greater detail in the Company's periodic reports filed with the Securities and Exchange Commission. |
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