In the meantime, executives are constantly evaluating store closures and lease renegotiations, said Bud Bergren, Bon-Ton's president and chief executive. "That is a top priority for us," he said.
On the flipside, no new store openings are planned any time in the near future. "We are focusing our cash right now on paying down debt," Bergren said.
Bon-Ton's second-quarter net loss came in at $34.8 million, greater than the $33.8 million during its same period last year. Same-store sales were down 9.8% year over year, while net sales dropped 9.5%, to $609.2 million. Management's full-year guidance has same-store sales falling between 7% and 9%.
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