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The Bon-Ton Stores, Inc. stock price
The Bon-Ton Stores, Inc. latest news:
Bon-Ton Stores files Chapter 11 bankruptcy as department stores reel
Bon-Ton Stores, the corporate parent of several department store chains, tumbled into Chapter 11 bankruptcy protection as the company seeks a fresh lease on life.
Bon-Ton Stores files for Chapter 11 bankruptcy protection
Bon-Ton Stores, saddled with debt and struggling with weak sales as shoppers abandon traditional department stores, said it filed Sunday for Chapter 11 bankruptcy protection and was exploring a sale of all or part of the company.
Bon-Ton Stores closing another 42 stores in 2018
The Bon-Ton Stores announced Wednesday the 42 locations that will be
closed as part of a company restructuring.
Bon-Ton identifies stores it plans to close
Bon-Ton Stores Inc. on Wednesday identified 42 stores that it plans to close.
BRIEF-The Bon-Ton Stores Announces Store Closures Locations As Part Of Rationalization Program
* THE BON-TON STORES, INC. ANNOUNCES LOCATIONS OF STORE
AS PART OF STORE RATIONALIZATION PROGRAM
Bon-Ton Stores shares sink as company announces locations for 42 store closures
Bon-Ton Stores Inc.(BONT) shares are down 7.7% in Wednesday trading after the company announced which of its stores will be among the 42 closing in early 2018. Another five closures were previously announced, and four of those stores have shut. The new wave of store closures will span across Wisconsin, Pennsylvania, Indiana, Illinois, and other states. Bon-Ton has partnered with Hilco Merchant Resources, a third-party liquidator, to help manage the store closures, including store...
Bon-Ton Stores enters forbearance agreement with lenders after missing $14 million interest payment
Troubled department-store operator Bon-Ton Stores Inc. said Tuesday it has entered forbearance agreements with some of its lenders, after failing to make a $14 million interest payment. The interest payment was due Dec. 15, but the company opted to take a 30-day grace period that has now ended. Under the terms of the forbearance agreements which Bon Ton made with its ABL Credit Agreement lenders and a group of holders of about 75% of the company's 8.0% second lien secured notes that mature in 2021, lenders have agreed not to exercise any remedies available to them for the missed payment. The agreements expire on Jan. 26, unless further extended. "As previously disclosed, the Company is engaged in ongoing discussions with its debt holders in an effort to strengthen its capital structure to support the business," Bon-Ton said in a statement. The notes were last trading at 25 cents on the dollar, according to trading platform MarketAxess, but that was 9 points higher than their trading level on Friday. Shares, which trade over-the-counter, were down about 31% on Tuesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-The Bon-Ton Stores Inc Enters Into Forbearance Agreements
* THE BON-TON STORES, INC. ENTERS INTO FORBEARANCE
BRIEF-Bon-Ton Stores Names Michael Culhane As Chief Financial Officer
* THE BON-TON STORES, INC. NAMES MICHAEL CULHANE AS CHIEF
BRIEF-Bon-Ton Stores Names Chad Stauffer As President Of Merchandising And Marketing
* THE BON-TON STORES, INC. NAMES CHAD STAUFFER AS PRESIDENT
MERCHANDISING AND MARKETING
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Further company coverage:
Bon-Ton Stores shares spike after November sales rise
Bon-Ton Stores Inc.(BONT) shares jumped 8% in Tuesday trading after the retailer reported year-over-year November sales increases. Bon-Ton said sales rose to $280.6 million from $275.3 million last year, up 1.9%. And same-store sales for the four weeks ending November 25 increased 3.1%.
BRIEF-The Bon-Ton Stores says November Same Store Sales Rose 3.1 Pct
Bon-Ton Stores Inc(BONT): * THE BON-TON STORES INC ANNOUNCES NOVEMBER 2017 SALES. * NOVEMBER SAME STORE SALES ROSE 3.1 PERCENT. * COMPARABLE STORE SALES FOR FOUR WEEKS ENDED NOVEMBER 25, 2017 INCREASED 3.1 PCT. * "WE EXPERIENCED IN-STORE TRAFFIC THAT WAS BETTER THAN INDUSTRY REGIONAL TRENDS, PARTICULARLY ON BLACK FRIDAY" Source text for Eikon: Further company coverage:
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