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Bon-Ton Stores narrows loss in second quarter
York, Pa. -- The Bon-Ton Stores, Inc. reported a loss of $36.2 million in the second quarter, narrowed from a loss of $37.3 million in the year-ago period.
Revenue edged up 1.1% to $563.5 million, compared with $557.1 million in the prior year period. Same-store sales increased 1.6%.
“We were pleased that we achieved comparable store sales growth, particularly given the challenging promotional environment and continuation of soft traffic trends,” said Brendan Hoffman, CEO.
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Cushman & Wakefield awarded major Bloor Street leasing assignment
Toronto -- Cushman & Wakefield has been appointed retail leasing agent for 100 Bloor Street West, a major shopping mecca in Toronto. Currently occupied by Pottery Barn and Williams Sonoma, the flagship retail space represents the largest block of available space on Bloor Street in the past 20 years.