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BON TON STORES INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Dec 12, 2017. Its latest SEC filing is a 15-12G from Apr 25, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Sells brand-name and private-label apparel and accessories, cosmetics, and home furnishings to shoppers through department stores and online.

How Did They Make Money?

Customers pay for merchandise at the point of sale or when it is delivered to them.

FY2013 revenue

Who Were Their Customers?

Shoppers buy in stores and through online and mobile channels. Store associates can help customers order merchandise for home delivery when it is not at their store.

Did Revenues Turn Into Profits?

No. It lost $3.6M in FY2013.

Operating income, FY2013
2% of revenue
▼ −1% vs FY2012 ($70M, 2%)
Net income, FY2013
0% of revenue
▼ −84% (Loss) vs FY2012 (−$21.6M, −1%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Oct 28, 2017
Revenue
▼ −7%
vs $607.3M in Q3 FY2016
Net income
▲ +42% (Loss)
vs −$31.6M in Q3 FY2016
  • Apr 20, 2018 Court approves asset sale and Bon-Ton begins going-out-of-business sales The winning bidder will acquire inventory and certain other assets; Bon-Ton granted rights over the disposition of substantially all other assets and began store-closing sales.
  • Apr 10, 2018 Investor group proposes acquiring Bon-Ton as a going concern The company received a signed letter of intent and was preparing an asset purchase agreement ahead of a court-supervised auction.
  • Feb 5, 2018 Bon-Ton files for Chapter 11 bankruptcy protection The company said it would continue operating during court-supervised restructuring and explore strategic alternatives, including a sale.

Shrank. Revenue fell 7% in 3 years, from $3B in FY2010 to $2.8B in FY2013, about 2% a year.

More store-and-online shopping options Both reports describe online ordering, but the latest adds in-store pickup for online purchases and uses stores to fulfill online orders, extending the store-and-online shopping model.

Who Did They Compete With?

Competes with Boscov's Department Store, Dillard's, Macy's, Von Maur, J.C. Penney, Kohl's, Sears Holdings, Target, Wal-Mart Stores, and Amazon.com

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