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Bon-Ton Stores (BONT -8.2%) trades lower after the company widened its loss estimate for FY11...
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Thursday, January 5, 2012, 10:49 AM ETBon-Ton Stores (BONT -8.2%) trades lower after the company widened its loss estimate for FY11 due to unseasonably mild weather hurting its December sales. It now expects to post a loss between $1.00 - $1.30 per share, compared with its November guidance for a loss of $0.65 to a profit of $0.25 a share. Same-store sales for December fell 0.7% while total sales dropped 1.1% to $505M.
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