Bon-Ton net loss grows in Q1

York, Pa. – Net loss at The Bon-Ton Stores Inc. widened to $34.1 million in the first quarter of fiscal 2015, from $31.5 million in the same quarter the prior year. Increased cost of sales and depreciation and amortization helped increase net loss.



Total sales inched up to $610.9 million from $607.5 million, while same-store sales increased 0.8%. E-commerce sales increased at a double-digit rate due to a higher conversion rate.



“As we move ahead, we remain focused on our initiatives — building a compelling assortment, refocusing our brand, furthering our omnichannel capabilities and maximizing operating efficiency — all designed to drive top-line and EBITDA growth,” said Kathryn Bufano, president and CEO of Bon-Ton.”



Bon-Ton plans to open a new 743,000-sq.-ft. e-commerce fulfillment center in West Jefferson, Ohio, in the fall. The center was originally scheduled to open this spring. Same-store sales are expected to grow 2% to 2.5% in fiscal 2015.