MILWAUKEE, WI (WTAQ) - The company that owns Boston Store, Younkers, and several other department store chains lost money in its most recent quarter.
The losses were only half as much as a year ago.
Bon-Ton Stores reported a loss of $10.1 million from July through September, down from a $22-million loss in the third quarter of last year.
Earnings slipped by 55-cents a share in the last quarter, down from a drop of 1.21 in the same period of 2011. Revenues jumped almost two-percent, to $683-million in the three months ending October 27th.
Bon-Ton is based in Milwaukee and York Pennsylvania.
CEO Brendan Hoffman said the firm made a number of changes over the last year to create a better balance of merchandise, refine its marketing, and cut its expenses.