YORK, PA.—Bon-Ton Stores Inc. said Thursday that a key revenue metric climbed 2.9 percent in November, helped by strong Black Friday sales and cold weather merchandise purchases.
Revenue at stores open at least a year is a key gauge of a retailer's health because it measures results at existing stores rather than newly opened ones.
The department store operator said it is well-positioned for December's holiday shopping, with inventory up 3 percent at stores open at least a year.
Bon-Ton's total revenue for the four weeks ended Nov. 27 rose 2.7 percent to $319.1 million.
Tony Buccina, vice chairman and president of merchandising, said in a statement that some of the company's strongest performing categories were coats, shoes, men's, children's, cosmetics, fine jewelry and home.
Weakness was reported in traditional moderate missy, petite and large-size sportswear and juniors.
For the year to date, revenue at stores open at least a year gained 1.2 percent. Total revenue edged up 0.9 percent to $2.29 billion.
Last month Bon-Ton reported a bigger third-quarter loss, weighed down by softer revenue.
Bon-Ton, with corporate headquarters in York, Pa., and Milwaukee, has 277 department stores which includes 11 furniture galleries, in 23 states in the Northeast, Midwest and upper Great Plains. Its brands include the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's, Younkers and Parisian.