NEW YORK — Bon-Ton Stores and Elder-Beerman Stores, two of the larger regional department store groups in the U.S., managed to cut back on losses during the second quarter.
Bon-Ton nearly halved its quarterly loss while Elder-Beerman cut more than half from its deficit for the quarter. Both stores are among a dwindling group of regional chains that have been under considerable operating pressure in recent years. As reported, similar stress led bankrupt Jacobson Stores to begin liquidating its large-format specialty stores beginning last month.
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