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Bon-Ton posts 5.3% rise in sales; CFO to exit
Holiday discounts helped Bon-Ton Stores post a robust increase in same-store sales.
The company said same-store sales for the nine-week holiday period ended Jan. 3 increased 5.3%. Total sales for the combined months of November and December were up 3.8%, the company said.
Kathryn Bufano, president and CEO, said the company was “pleased” with the numbers, but that a “highly promotional sales environment” tempered the impact of those improved sales on Bon-Ton’s profits.
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Walmart launches in-store tax refunds in cash
Walmart is hoping to increase the cash in in-store shoppers’ wallets this year by offering a new tax refund service.
Direct2Cash is a way for customers to collect their tax refunds in cash at stores this tax season. The service is an alternative for taxpayers who otherwise might get refunds via check or direct deposit.
