Content about The Bon-Ton

YORK, Pa. — The Bon-Ton Stores will close its Younkers Furniture Gallery in the Lakeshore Marketplace in Muskegon, Michigan, in June. The closing will affect approximately 20 associates at the location.

The Bon-Ton acquired the leasehold interests in the Muskegon Furniture Gallery store when they acquired Elder-Beerman in 2003. Bon-Ton does not expect the furniture gallery’s close to affect operations at the Younkers department store located in The Lakes Mall.

YORK, Pa. — The Bon-Ton Stores reported that its net income for the fourth quarter was a better-than-expected $74.4 million, compared with $78.2 million in the year-ago period.

Revenue for the three months ended Feb. 2 increased 3.2% to $1.02 billion, missing the Street’s view of $1.04 billion. Same-store sales increased 1%. (Results for the fourth quarter and fiscal 2012 are impacted by the inclusion of an additional week in each period, resulting in a 14-week and 53-week reporting period.)

York, Pa. — The Bon-Ton Stores said Tuesday it has appointed Brendan L. Hoffman as president and CEO, effective Feb. 7.

Hoffman replaces Bud Bergren, who is a current member of the board of directors and who will transition to the role of the chairman.

Hoffman was the president and CEO of Lord & Taylor since October 2008. Prior to that, he served six years as president and CEO of Neiman Marcus Direct, a subsidiary of The Neiman Marcus Group, where he oversaw the growth of neimanmarcus.com and the launch and growth of bergdorfgoodman.com.

MILWAUKEE — Bon-Ton Stores Inc. said Monday that its CEO Bud Bergren will retire his position once the company finds and hires his successor.

When a new CEO is in place, Bergren will transition to chairman; current executive chairman Tim Grumbacher will vacate the chair but remain a director. Bergren has been CEO since 2004.

The succession plans comes on the heels of same-store sales dips in October and a downwardly modified outlook for the year.

YORK, Pa. — The Bon-Ton Stores and menswear designer John Bartlett unveiled on April 27 the inaugural collection from the partnership announced last fall. The collections will be available in all Bon-Ton stores in August. 

YORK, Pa. -- The Bon-Ton Stores announced the signing of a license and design agreement with Mambo Graphics PTY LTD for the exclusive launch of the Mambo brand in the United States. Under the agreement, Mambo will design the collection while Bon-Ton will manage the sourcing, manufacturing, distribution and marketing of the line.

YORK, Pa. -- The Bon-Ton Stores announced its board of directors unanimously approved an amendment to Bud Bergren’s employment agreement, which states Bergren will continue to serve as president and CEO through Feb. 5, 2012. His term as president and CEO will automatically renew for successive periods of one year unless either the company or Bergren elects not to renew his term as president and CEO.