The Bon-Ton Stores, Inc. on Thursday announced third quarter results, reporting sales increases and narrower net losses than the corresponding quarter last year.
Comparable store sales increased 1.9 percent to $668.7 million, compared to $14.5 million during the third quarter in 2011.
Net loss improved $11.9 million to $10.1 million, or $0.55 per diluted share, compared with a net loss of $22 million, or $1.21 per diluted share during the same quarter last year.
"We believe that our third quarter results reflect progress made as a result of initiatives we have been implementing throughout the year," said CEO Brendan Hoffman.
Some of those initiatives include a better-balanced assortment of merchandise, refined marketing efforts, expense management and a customer-first shopping experience, he said.
"We are looking forward to the holiday shopping season as we believe that we are well positioned for continued momentum in the fourth quarter," Hoffman said.