Bon-Ton subsidiary does sale-leaseback of six stores

Started by retailisking, July 13, 2015, 12:19:02 AM

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retailisking

In the latest sign of financial trouble at the sprawling chain of lackluster, underperforming department stores, Bon-Ton takes a page from Sears Holdings. They regularly make lists of the businesses most likely to file for bankruptcy. This perhaps forestalls that inevitability, for a while at least.
http://www.jsonline.com/business/bon-ton-sells-leases-back-six-department-store-buildings-b99531329z1-311511081.html

JimSawhill

Quote from: retailisking on July 13, 2015, 12:19:02 AM
In the latest sign of financial trouble at the sprawling chain of lackluster, underperforming department stores, Bon-Ton takes a page from Sears Holdings. They regularly make lists of the businesses most likely to file for bankruptcy. This perhaps forestalls that inevitability, for a while at least.
http://www.jsonline.com/business/bon-ton-sells-leases-back-six-department-store-buildings-b99531329z1-311511081.html

I hope Bon-Ton won't go out..