For Bon-Ton, founded in 19th century, an uncertain future [FOX Business Network]
BON-TON STORES (BONT)
US:NASDAQ Investor Relations:
investors.bonton.com/investor-relations
Company Research
Source: FOX Business Network
NEW YORK – The future of Bon-Ton Stores looks tenuous after the department store chain that survived economic downturns including the Great Depression filed for bankruptcy protection and said it may seek a buyer for all or pieces of itself. Continue Reading Below Even as it closes stores, plans to jazz up its store label products and reduce its debt load, the chain must make itself stand out in a competitive market where shoppers are buying more online overall and less of the clothing that department stores depend on. The filing late Sunday makes Bon-Ton the largest retailer to file for bankruptcy so far this year. It joins several dozen others that filed for Chapter 11 last year, including Toys R Us, Payless ShoeSource and Gymboree Corp. More are expected to follow as many retailers face similar challenges, including big debt loads. About two dozen distressed retailers, including Nine West Holdings Inc. and Claire's Stores Inc., are on the watch list
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