Tuesday, November 7, 2017

Struggling department store company delisted

The Bon-Ton Stores Inc. has been delisted from the NASDAQ stock exchange after multiple warnings this year that its shares were not meeting the requirements for continued listing, the Central Penn Business Journal reported.

The Bon-Ton posted a loss of $33.2 million for its most recent quarter; same-store sales fell 7%. The company has been in the process of restructuring its finances to repay debt and improve its overall liquidity. But it may not be able to avoid a bankruptcy filing, the report said.. . . more

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