The Bon-Ton Stores, Inc. announced comparable store sales for the four weeks ended May 31, 2003 decreased 0.9%.
Total sales for the month decreased 1.6% to $51.1 million versus $51.9 million reported for the same period last year.
Year-to-date total sales decreased 5.1% to $192.2 million from $202.5 million reported for the same period last year. Comparable store sales decreased 4.4%.
James H. Baireuther, Vice Chairman and Chief Administrative Officer, commented, “May sales were disappointing. A tough retail environment was compounded by cool, rainy weather in the northeast throughout the month. The majority of the sales shortfall was in apparel, as sales of seasonal merchandise were difficult. During the month, coats, home, shoes, accessories and juniors posted sales increases. We are aggressively promoting our value message and feel we are well positioned once the weather becomes more seasonal and the economy shows any sign of recovery.”
