Bon-Ton narrows loss on reduced expense
York, Pa. — The Bon-Ton Stores reported Thursday that it narrowed its loss in the second quarter to $32.3 million from $33.7 million a year earlier.
Sales declined 2.2% to $595.5 million, but aggressive cost-cutting prompted the improved profit performance. Results, however, missed Wall Street expectations.
Same-store sales fell 1.5% for the quarter.
GameStop profit drops in Q2 on slow video game sales
Grapevine, Texas — GameStop Corp. reported Thursday that net income for the quarter ended July 30 dropped 23% to $30.9 million, compared with $40.3 million in the year-ago period. The company cited slowing video game sales for the lackluster performance.
Revenue fell 3% to $1.74 billion, missing expectations, and same-store sales dropped 9.1%.
Casual Male Q2 profit up 17%
Canton, Mass. — Casual Male Retail Group reported Thursday that second-quarter net income surged 17% to $6.6 million, compared with $5.6 million a year earlier.
Revenue increased 3.8% to $100.9 million in the period, surpassing Wall Street expectations of $99.5 million.