The retailer’s current president and chief executive officer Kathryn Bufano has resigned from the company effective August 25, upon expiration of her contract.
Veit, who was also named executive vice president, has more than 35 years of retail experience, most recently at Nine West Holdings.
Bon-Ton Stores Inc. on Tuesday announced a 1.9 percent decrease in fourth-quarter sales for the 13-week holiday period that ended January 30, along with fourth-quarter net income of $50.6 million, or $2.42 per share, an almost 30 percent drop from 2014.
Pennsylvania-based chain Bon-Ton Stores reported disappointing earnings for the third-quarter of fiscal 2015, causing the stock to sink over 30 percent in early trading on Thursday.
The 743,000-sq.-ft. state-of-the-art facility is in Ohio.
The company has hired retail veteran William Tracy.
Bon-Ton’s recent Goodwill Sale helped customers convert their spring cleaning stashes into useful donations, creating jobs in the process. From March 12 to 28, donors traded gathered up clothing, shoes, handbags and household textiles to 270 Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers store location for coupons toward …
Keith E. Plowman, chief financial officer of The Bon-Ton Stores, Inc., will retire in August this year.
The Bon-Ton Stores Inc. has named Belk chief merchant Kathryn Bufano as its new president and CEO, replacing the outgoing Brendan Hoffman.
American Apparel, American Eagle Outfitters, Bon-Ton, Dollar General, Gordmans, JCPenney and Target are all in various stages of CEO searches.
Tom Stoffel has been promoted to SVP, GMM of the menswear and home divisions at The Bon-Ton Stores.
Bon-Ton CEO Brendan Hoffman will not renew his contract when it expires next year.