BON-TON STORES FILES FOR BANKRUPTCY
BON-TON TO CLOSE OVER 40 STORES
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BON-TON DETAILS TURNAROUND PLAN
The filing comes about two weeks after Bon-Ton announced it entered into forbearance agreements with its lenders after missing a $14 million interest payment in December.
Read MoreBON-TON TO CLOSE AT LEAST 40 STORES THROUGH NEXT YEAR
The news comes as the retailer reported that comparable store sales in the third quarter decreased 6.6 percent, reflecting in part the impact of unseasonably warm weather.
Read MoreBON-TON STORES ENTERS $18.9 MILLION SALE-LEASEBACK AGREEMENT TO P...
Bon-Ton will lease the property for a 20-year initial term with the option to extend the term for four additional successive periods of five years at market rents.
Read MoreBON-TON STORES COULD BE THE NEXT RETAILER TO FILE FOR BANKRUPTCY
The Wall Street Journal has reported that the retail chain has enlisted the help of PJT Partners to help it figure out how to continue in the face of ballooning debt and deflated sales.
Read MoreBON-TON NAMES NEW CEO
The retailer’s current president and chief executive officer Kathryn Bufano has resigned from the company effective August 25, upon expiration of her contract.
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