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Younkers parent company shows 3.7 pct. sales increase for quarter

November 4, 2012
Messenger News

The Bon-Ton Stores Inc., parent company of Younkers, announced comparable store sales in the four weeks ended Oct. 27, increased 3.7 percent.

Total sales increased 3.7 percent to $199.1 million in the current year compared with $192 million in the prior year period.

For the third quarter of fiscal 2012, comparable stores sales increased 1.9 percent to $668.7 million compared with $656.1 million for the prior year period.

Year-to-date comparable store sales increased .3 percent. Year-to-date total sales increased .2 percent to $1,904.4 million compared with $1,901.4 million in the same period last year.

Brendan Hoffman, president and chief executive officer, said, "We are pleased with our October comparable store sales performance. Ladies' and men's outerwear, dresses and shoes posted strong double-digit gains. Men's sportswear and furnishings, cosmetics, accessories and ladies' and special sizes sportswear outperformed the Company average.

"Home, furniture and intimate apparel were the weakest performing categories. Ecommerce continued to post double-digit gains. Our inventories are well managed, allowing us to take action on purchasing opportunities as they become available," he said.

The Bon-Ton Stores Inc., with corporate headquarters in York, Penn., and Milwaukee, Wis., operates 273 department stores, which includes 11 furniture galleries, in 24 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's and Younkers nameplates and, in the Detroit, Mich., area, under the Parisian nameplate.

The department 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.



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