FINANCE

Bon-Ton Stores narrows loss in second quarter

BY Katherine Boccaccio

York, Pa. — The Bon-Ton Stores, Inc. reported a loss of $36.2 million in the second quarter, narrowed from a loss of $37.3 million in the year-ago period.

Revenue edged up 1.1% to $563.5 million, compared with $557.1 million in the prior year period. Same-store sales increased 1.6%.

“We were pleased that we achieved comparable store sales growth, particularly given the challenging promotional environment and continuation of soft traffic trends,” said Brendan Hoffman, CEO.

The department store chain recently named Kathryn Bufano as its new president and CEO, effective next week.

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FINANCE

Buckle posts Q2 profit, misses Street

BY Katherine Boccaccio

Kearney, Neb. — Buckle Inc. reported a profit of $24.5 million in the second quarter, missing Wall Street estimates.

Quarterly revenue, however, beat analysts’ projections, as the teen apparel retailer posted revenue of $235.7 million in the period. Wall Street expected $234.2 million.

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News

Two Walmart Care Clinics to open in Georgia

BY CSA STAFF

Walmart will be opening two Walmart Care Clinics in Columbus, Ga., and in Carrollton, Ga., on Aug. 29, according to a report in the Columbus Ledger-Enquirer published Wednesday.

"There's about a dozen locations that are part of the pilot program," Walmart spokeswoman Danit Marquardt told the Ledger-Enquirer. "We don't have a specific time identified for when it will go out of pilot mode" and be expanded.

Walmart currently has six primary care clinics in South Carolina and Texas. In addition to the two Georgia locaations, another four locations are slated to open by year-end, according to reports.

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