(Source: Business Wire)

The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced
comparable store sales for the five weeks ended October 3, 2009
decreased 4.8% compared with the prior year period. Total sales for the
five weeks decreased 5.5% to $282.9 million compared with $299.4 million
for the prior year period.
Year-to-date comparable store sales decreased 8.1%. Year-to-date total
sales decreased 7.8% to $1,733.7 million compared with $1,880.1 million
for the same period last year.
Tony Buccina, Vice Chairman and President -- Merchandising, commented,
"We are very pleased with our September sales results, which again
exceeded our plan, and are encouraged by the improvement in our sales
trend compared with the spring season. Ready-to-wear, which includes
moderate missy, petites and large-size sportswear, led the sales
performance, along with coats and accessories. Our weakest performing
businesses were home and furniture. We entered October with inventories
fresher than in the prior year, comparable store inventories down 8.7%
and clearance inventories down 22%. We believe we are strongly
positioned for the holiday shopping season."
Keith Plowman, Executive Vice President and Chief Financial Officer,
stated, "We ended the month with excess borrowing capacity under our
revolving credit facility of approximately $169 million."
The Bon-Ton Stores, Inc. operates 279 stores, including 12 furniture
galleries, in 23 states in the Northeast, Midwest and upper Great Plains
under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott,
Elder-Beerman, Herberger's and Younkers nameplates and, in the Detroit,
Michigan area, under the Parisian nameplate. The stores offer a broad
assortment of brand-name fashion apparel and accessories for women, men
and children, as well as cosmetics and home furnishings. For further
information, please visit the investor relations section of the
Company's website at http://investors.bonton.com.
Certain information included in this press release contains
statements that are forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, which may be identified by words such as "may," "could,"
"will," "plan," "expect," "anticipate," "estimate," "project," "intend"
or other similar expressions, involve important risks and uncertainties
that could significantly affect results in the future and, accordingly,
such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. Factors that
could cause such differences include, but are not limited to, risks
related to retail businesses generally; a significant and prolonged
deterioration of general economic conditions which could negatively
impact the Company, including the potential write-down of the current
valuation of intangible assets and deferred taxes; changes in the terms
of the Company's proprietary credit card program, potential
increase in pension obligations; consumer spending patterns, debt
levels, and the availability and cost of consumer credit; additional
competition from existing and new competitors; inflation; changes in the
costs of fuel and other energy and transportation costs; weather
conditions that could negatively impact sales; uncertainties associated
with expanding or remodeling existing stores; the ability to attract and
retain qualified management; the dependence upon relationships with
vendors and their factors; a security breach; the ability to reduce SG&A
expenses; the incurrence of unplanned capital expenditures; the ability
to realize the expected benefits from our planned changes in operating
structure and the ability to obtain financing for working capital,
capital expenditures and general corporate purposes. Additional
factors that could cause the Company's actual results to differ from
those contained in these forward-looking statements are discussed in
greater detail under Item 1A of the Company's Form 10-K filed with the
Securities and Exchange Commission.
A service of YellowBrix, Inc.