Following recent news that Bon-Ton Stores president and CEO Bud Bergren would be stepping down and succeed by former Lord & Taylor CEO Brendan Hoffman, the retailer said Tuesday that, effective Feb. 7, Bergen will become chairman of the board.
As part of a real estate realignment strategy, The Bon-Ton Stores Inc. on Tuesday said it will close two of its department stores, one in Pennsylvania and the other in Ohio, when their leases expire in early 2012.
The Bon-Ton Stores will celebrate the opening of its new Carson’s location on Nov. 9 at the Markland Mall in Kokomo, Ind. The store was previously located at the Kokomo Mall.
The Bon-Ton Stores said that it has signed a letter of intent with Simon Property Group for a 60,000-sq.-ft. facility at Markland Mall, located in Kokomo, Ind.
The Bon-Ton Stores has signed a letter of intent with Simon Property Group for the 135,000-sq.-ft. former Mervyn's facility located in the Southdale Center in Edina, Minn.
The Bon-Ton Stores said Monday that it has extended president and CEO Bud Bergren's contract through Feb. 5, 2012, and has promoted Barbara Schrantz to COO.
The Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.