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Bon-Ton sees $13.03 million operating loss for July 8 to Aug. 4
By Caroline Salls
Pittsburgh, Aug. 28 – Bon-Ton Stores, Inc. reported a $13.03 million loss from operations for the period of July 8 through Aug. 4 on zero total sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Bon-Ton posted $17.86 million of income from operations for the period of June 3 through July 7, also on zero total sales.
The net loss for the July period was $13.17 million, declining from $17.46 million of net income for the previous period.
The company had $20.83 million in cash as of Aug. 4, down from $25.55 million at July 7.
Bon-Ton, a York, Pa.-based department store operator, filed for bankruptcy on Feb. 4, 2018 under Chapter 11 case number 18-10248.
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