The Bon-Ton Stores tumble to new 52-week low as borrowing increases
The Bon-Ton Stores Inc. (Nasdaq:BONT) hit a new 52-week low this morning after announcing that its sales for September had dropped compared with last year and that it expects to increase its excess borrowing capacity.
The York, Pa.-based department store operator said comparable store sales for the five weeks ended Oct. 4, were down 4.6% while net sales had slipped 2.7% compared with last year.
By midday, The Bon-Ton Stores is at $2.08, down $0.17 from Tuesday’s close. Previously, the stock had traded as low as $2.25 and as high as $25.24 during the past 52 weeks.
For detailed price information on The Bon-Ton Stores, click BONT.
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Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
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