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Bon-Ton reports more losses for 2nd quarter

STAFF REPORT

The Bon-Ton reported nearly $39 million of net loss in its second quarter earnings report as the company continues to suffer from low sales figures.

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The York-based company has nearly $100 million less in total assets than it did a year earlier, the earnings reports shows.

Comparable stores sale were down 2 percent, and total sales decreased 2.4 percent to $542.4 million.

Bon-Ton lowers 2016 outlook after poor 1st quarter