Bon-Ton posted a 4.7% decline in fourth quarter comparable sales due to a decline in sales trends and unseasonably warm weather. The company remains poised for growth following progress made in the year.
Perfumania Holdings Inc, a U.S. retailer with exclusive distribution rights to several Trump-branded colognes, has hired advisers to explore strategic alternatives, including a debt restructuring, according to sources.
The successful "Close to Home" shop-local initiative that launched in fall 2016 has moved to digital with the launch of the Online Sourcing Fair. Bon-Ton also plans to roll out more in-store shops at other locations.