The Bon-Ton Stores, Inc. said comparable store sales for the five weeks ended July 5, 2008 decreased 6.5% compared to the prior year period. Total sales for the five weeks decreased 6.6% to $261.2 million compared to $279.6 million for the prior year period.
Year-to-date comparable store sales decreased 6.0%. Year-to-date total sales decreased 6.1% to $1,175.8 million compared to $1,251.9 million for the same period last year.
“Our excess borrowing capacity under our credit facility was approximately $282 million at the end of June 2008, remaining above the level for the comparable prior year period,” stated Executive VP and Chief Financial Officer Keith Plowman.
