FINANCE

Bon-Ton Q4 income, sales up

BY CSA STAFF

York, Penn. –Bon-Ton Stores Inc. said Wednesday its fiscal fourth-quarter profit climbed 6%.

The department store chain said its net income rose to $85 million for the period ended Jan. 29, up from $80.3 million a year earlier.

Revenue edged up 1% to $1.03 billion from $1.02 billion.

Revenue at stores open at least a year rose 0.8%.

Bon-Ton Stores’ annual net income was $21.5 million. In the prior year, it lost $4.1 million.

Full-year revenue increased 1% to $3.05 billion from $3.03 billion. Same-store sales were up 0.9%.

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STORE SPACES

Target Clinic to open seven new locations

BY CSA STAFF

Minneapolis –Target Clinic plans to open eight new locations in 2011. The in-store centers offer treatment for minor illnesses and injuries, skin treatments, vaccinations, tests and screenings, which are administered by health care professionals.

The new clinics will open in Target stores in the Twin Cities, Chicago and Ft. Lauderdale-Davie areas by the end of July.

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News

P&G vet named Sephora CEO

BY CSA STAFF

Paris –LVMH announced the appointment of longtime Procter & Gamble veteran Christopher de Lapuente as global president and CEO of Sephora, effective March 31, 2011.

Lapuente joined P&G in 1983. He spent the whole of his career within the company, and in 2004, he was appointed president, the youngest ever in P&G history.

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