January 29, 2009

Bon-Ton Stores to cut 1150 jobs, take charge

Filed under: Retail,US — DF @ 11:20 am
Tags: ,

According to Reuters: “Apparel and home furnishings retailer Bon-Ton Stores Inc (NASDAQ:BONT) said it would cut about 1,150 jobs and eliminate 2008 bonuses for its senior executives in a bid to control costs amid a worsening economy.”
“The company, which operates the Bon-Ton, Elder-Beerman, Boston Store and Carson Pirie Scott chains, will also reduce capital spending to $40 million, net of landlord contributions.”

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