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Bon-Ton posts smaller-than-expected loss in third quarter
New York -- Bon-Ton Stores narrowed its loss in the third quarter to $931,000, compared with a loss of $10.1 million in the year-ago period.
Revenue dipped 3% to $651.2 million from $668.7 million, narrowly missing analysts’ expected $671.2 million in revenue.
Same-store sales fell 2.8%. -
Survey: Dec. 21 to be biggest shopping day for jewelry and luxury
New York -- MasterCard Advisor’s latest MasterCard Spending Pulse survey found that there are some product categories that won’t see the biggest spending uptick on Black Friday and Cyber Monday.
The monthly SpendingPulse report anticipates that the biggest shopping day of the season for jewelry and luxury retailers will be Dec. 21 – the last Saturday before Christmas, which is becoming commonly known as “Super Saturday.”