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Bon-Ton stores announce $10M loss in 3rd quarter

A store sign for Younkers Department Store
A store sign for Younkers Department Store

MILWAUKEE, WI (WTAQ) - The company that owns Boston Store, Younkers, and several other department store chains lost money in its most recent quarter.

The losses were only half as much as a year ago.

Bon-Ton Stores reported a loss of $10.1 million from July through September, down from a $22-million loss in the third quarter of last year.

Earnings slipped by 55-cents a share in the last quarter, down from a drop of 1.21 in the same period of 2011. Revenues jumped almost two-percent, to $683-million in the three months ending October 27th.

Bon-Ton is based in Milwaukee and York Pennsylvania.

CEO Brendan Hoffman said the firm made a number of changes over the last year to create a better balance of merchandise, refine its marketing, and cut its expenses.