-
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.
-
Conn’s showing it ‘Cares’ about kids
Conn’s is launching a new philanthropic program to help improve the communities it serves by empowering children.
Conn’s Cares is the company’s first program to will galvanize every employee around a single cause at all Conn’s locations, the company said.
“Our vision is that Conn’s Cares will become an enduring investment in the children of the communities we serve,” said Theodore Wright, Conn’s chairman and CEO. “We are committed to the idea that every child should have an opportunity to succeed.”