The Bon-Ton Stores on Thursday reported a deeper net loss for the first quarter ended May 2.
York-based Bon-Ton had a net loss of $34.1 million ($1.74 a share) compared to a net loss of $31.5 million ($1.63 a share) in 2014's first quarter.
Sales were up slightly, rising 0.6 percent to $610.9 million from $607.5 million a year earlier.
The Bon-Ton blamed the larger net loss on higher e-commerce distribution and delivery costs and bigger merchandise markdowns.
These trends offset the benefit of smaller selling, general and administrative expenses and stronger results from its proprietary credit-card operation.
(c) 2015 ProQuest Information and Learning Company; All Rights Reserved., source Newspapers