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Examples
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With Mr. Bergren's transition, Bon-Ton's current executive chairman, Tim Grumbacher , will remain a director.
Bon-Ton Names Lord & Taylor's Hoffman President, CEO Nathalie Tadena 2012
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Mr. Hoffman, who will also join the Bon-Ton board, succeeds Bud Bergren , who will become Bon-Ton's chairman.
Bon-Ton Names Lord & Taylor's Hoffman President, CEO Nathalie Tadena 2012
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Bon-Ton's best performing areas were intimate apparel, hard home, shoes, cosmetics and jewelry.
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For much of February, Bon-Ton's store in Reading, Pa., has been holding what it calls a Yellow Dot Clearance sale, with aisles of purses, women's apparel, men's jackets and baby clothing marked down, first by 25% to 30%, and then 70% to 75% off the marked-down price.
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Bon-Ton's 10 1/4% bonds maturing in 2014, for example, offer an eye-watering spread of more than 93 percentage points over Treasurys.
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Moody's Investors Service recently downgraded Bon-Ton's debt outlook to "negative" from "stable," citing the company's "continued underperformance, measured by significant and persistent underperformance in same-store sales relative to department store industry peers."
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Bon-Ton's year-to-date total revenue jumped 0.7% year over year to $2.8 billion and same-store sales upped 1.0%.
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This allows for candidate assessments to happen within Bon-Ton's workflow, eliminating the need to switch between applications.
unknown title 2011
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Southdale has a different set of challenges that could hamper Bon-Ton's efforts.
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In lowering its ratings outlook, Moody's said Bon-Ton's operating profit has fallen 37 percent this year because of declining same-store sales.
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