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WILKES BARRE As Bon Ton Stores, saddled with debt and faltering sales, enters the week beside a throng of other retailers under bankruptcy protection, rival chain Boscov ended its fiscal year with record sales of $1.2 billion.

According to an Associated Press story, Bon Ton Stores is seeking a buyer for pieces or all of a department store chain that was founded at the tail end of the 19th century. Bankruptcy Court for Delaware.

are currently engaged in discussions with potential investors and our debt holders on a financial restructuring plan, and the actions we are taking are intended to give us additional time and financial flexibility, CEO Bill Tracy said in prepared comments released Sunday.

But at Boscov the opposite appears to be true. Jim Boscov, chairman and CEO of the company, said growth is the key word at the Reading based company.

timing of The Bon Ton announcement is interesting because we just ended our fiscal year Saturday and we finished with the best year we ever had, Boscov said. are very close to $1.2 billion in sales. said the company operates 46 stores, opening a store in Erie in October. He said the 47th store will open in Milford, Conn., this October.

continue to grow, Boscov said. are committed to making sure we will be your hometown store for the next 104 years as well. We are very fortunate that these opportunities present themselves. meanwhile, runs 260 stores in 24 states, largely in the Northeast and Midwest. There are two stores in Luzerne County, one in the Wyoming Valley Mall in Wilkes Barre Township and one in the Midway Shopping Center in Wyoming.

to lose a competitor

Boscov credited loyalty as the driving force behind Boscov success loyal customers, loyal co workers and good relationships with vendors. He said the continued success of Boscov is predicated on the guidance and values exemplified by his uncle, the late Albert Boscov.

continue to live up to those core principles, Boscov said.

Regarding The Bon Ton, Boscov said it a shame any time a competitor leaves the marketplace.

have always enjoyed that competitive spirit, Boscov said.

Boscov said mall developers have had to become creative in maintaining high traffic. He said The Marketplace at Steamtown in Scranton is such an example, bringing in other attractions to attract people.

the changes at Steamtown, we have maintained a very strong store there, Boscov said. mall developers have been very creative, thereby allowing the mall to evolve. We are seeing this happen all over. Wilkes Barre, Boscov said the South Main Street store continues to show an increase in sales.

we point to a very loyal customer base and loyal co workers who have been with us a long time,
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he said. we continue to be a big part of the community. changing retail world

Bon Ton isn the only retailer feeling the pinch of Americans changing buying habits. The changes have been so sweeping they left the aisles of many department stores barren of customers even during the crucial days leading up to Christmas.

In early January, Sears Holdings Corp. announced it will be closing more than 100 stores including two Kmarts in Luzerne County as the struggling retail chain tries to reverse its fortunes.

The Hoffman Estates, Illinois based company says the closings include 64 Kmart stores and 39 Sears stores that will be shuttered between early March and early April.

Kmarts at the Laurel Mall in Hazle Township and in Pittston Township are expected to be closed for good by early April.

And in filing for bankruptcy, Bon Ton joined several dozen other retailers who entered a bankruptcy court over the past year, among them Toys R Us, Payless ShoeSource and Gymboree Corp.

Bon Ton rocky road

But there have been signs for some time that Bon Ton was in trouble, and they did not ease heading into the most recent holiday season.

Sales at established Bon Ton stores, a critical gauge of a retailer health, slid 2.9 percent in nine week period before the New Year. Those sales had tumbled 6.6 percent in the prior quarter.

harsh reality is that while Bon Ton management put in great effort to make the business sustainable, they were always running up a down escalator, said Neil Saunders, the managing director of GlobalData Retail.

While the retail and department stores that have sold Americans goods for generations march into bankruptcy court, Amazon for the first time booked more than $1 billion in profits during its most recent quarter.

Bon Ton, which has dual headquarters in York, Pa. and Milwaukee, Wisc., is now in talks with debt holders about restructuring $1 billion in debt.

It is closing dozens of stores this year in Wisconsin, Pennsylvania, Illinois, Indiana and elsewhere.

Bon Ton received a commitment of $725 million in debtor in possession financing to operate during its restructuring process.
Not everyone revived by naloxone agrees to go to the hospital, he said.Volunteers with the Hand Up Project offered Blocher help finding housing if he agreed to let them take him to a detox facility. Blocher agreed.To train criers, Cruce, mother of children ages 4, 5 and 9, shared the following plan. On the first night wait five minutes before reentering baby’s room. Then increase the wait time by five minutes each visit, working up to no more than a 30 minute span. On the second night, start with a 15 minute wait and add five minutes each time. Anschutz and his wife tried a similar strategy with their son to train him to go to sleep. “By the end of the first week, he got it,” Anschutz reported.
Discount mulberry sunglasses Outlet A tale of two retailers