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4-Traders Homepage  >  Equities  >  Nasdaq  >  Bon-Ton Stores Inc    BONT

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Bon Ton Stores : Announces March Closing of Its Elder-Beerman Store at the Ohio Valley Mall in St. Clairsville, Ohio

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01/18/2017 | 09:05am CET

Release date- 17012017 - MILWAUKEE, WI -The Bon-Ton Stores, Inc. (NASDAQ: BONT), today 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

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2017 2 690 M
EBIT 2017 20,5 M
Net income 2017 -42,4 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,01x
Capi. / Sales 2018 0,01x
Capitalization 27,6 M
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Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price -
Spread / Average Target -100%
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Managers
NameTitle
Kathryn Bufano President, Chief Executive Officer & Director
M. Thomas Grumbacher Chairman & Strategic Initiatives Officer
William Tracy Chief Operating Officer
Nancy A. Walsh Chief Financial Officer & Executive Vice President
Dennis R. Clouser Executive VP-Information Systems & Administration
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