Tag Archives: Brendan Hoffman

Bufano Named to Lead Bon-Ton

Kathryn Bufano

YORK, Pa.-The Bon-Ton Stores has named Kathryn Bufano president and CEO effective Aug. 25. Bufano most recently served as Belk Inc.’s president of merchandising. Bufano will succeed Brendan Hoffman, who chose not to renew his employment agreement. Hoffman resigned as president and CEO and as a member of Bon-Ton’s board, effective with Bufano’s election. AMore »

Bon-Ton Net Loss Grows in Q1

Bon-Ton

YORK, Pa.-Declining sales led The Bon-Ton Stores to a net loss of $31.5 million in its fiscal first quarter, compared to a net loss of $26.2 million in last year’s first quarter. Brendan Hoffman, Bon-Ton’s president and CEO, said the severe weather through many of the company’s markets had a more prolonged impact than theMore »

Bon-Ton Narrows FY Loss; CEO Hoffman to Exit

Brendan Hoffman

YORK, Pa.-The Bon-Ton Stores ended its fiscal year on Feb. 1 with a net loss for the year of $3.6 million, compared to its prior fiscal-year loss of $21.6 million. The retailer has also announced that President and CEO Brendan Hoffman will leave his post when his employment agreement ends on Feb. 7, 2015. HoffmanMore »

Bon-Ton December Comps Hit by Bad Weather

Bon-Ton

YORK, Pa.-Bon-Ton Stores said its December same-store sales were “significantly impacted” by rough winter weather in its markets. The retailer did not say how much sales were affected, but Brendan Hoffman, president and CEO, said, “We are disappointed with the deceleration in sales during December, particularly given the strong start to the holiday season beginningMore »

Bon-Ton Narrows Q2 Net Loss

Bon-Ton

YORK, Pa.-Improved gross margin and slimmed-down expenses helped Bon-Ton reduce its second-quarter net loss to $37.3 million, from the $45 million net loss from last year’s second quarter. Gross margin rose 122 basis points to 38.5 percent, thanks to reduced markdowns and an increase in the cumulative markup percentage. Selling, general and administrative expenses—although theyMore »