BONT » Topics » Our stock price has been and may continue to be volatile.

These excerpts taken from the BONT 10-K filed Apr 15, 2009.
Our stock price has been and may continue to be volatile.
 
The market price of our common stock has been and may continue to be volatile and may be significantly affected by:
 
  •   actual or anticipated fluctuations in our operating results;
 
  •   announcements of new services by us or our competitors;
 
  •   developments with respect to conditions and trends in our industry;
 
  •   governmental regulation;
 
  •   general market conditions, particularly periods of decline; and
 
  •   other factors, many of which are beyond our control.
 
Item 1B.   Unresolved Staff Comments
 
None.
 
Item 2.   Properties
 
We currently operate 280 stores in 23 states, encompassing approximately 26 million square feet. We own 33 stores, have ground leases on eight stores, and lease 239 stores.
 
We operate under eight nameplates, as follows:
 
             
Nameplate   Stores   States
 
Bon-Ton
    69     Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, West Virginia
Elder-Beerman
    58     Illinois, Indiana, Kentucky, Michigan, Ohio, West Virginia, Wisconsin
Younkers
    49     Illinois, Iowa, Michigan, Minnesota, Nebraska, South Dakota, Wisconsin
Herberger’s
    41     Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, Wyoming
Carson Pirie Scott
    34     Illinois, Indiana
Bergner’s
    13     Illinois
Boston Store
    13     Wisconsin
Parisian
    3     Michigan
 
 
Our corporate headquarters is located in York, Pennsylvania where the majority of our administrative and sales support functions reside. Our merchandising and marketing functions are located in Milwaukee, Wisconsin. We own two distribution centers located in Rockford, Illinois and Green Bay, Wisconsin, and we lease two distribution centers located in Allentown, Pennsylvania and Fairborn, Ohio. We have a furniture warehouse attached to our Naperville, Illinois store.
 
Item 3.   Legal Proceedings
 
On December 8, 2005, Adamson Apparel, Inc. filed a purported class action lawsuit against Saks in the United States District Court for the Northern District of Alabama. In its complaint the plaintiff asserted breach of contract claims and alleged that Saks improperly assessed chargebacks, timely payment discounts and deductions for merchandise returns against members of the plaintiff class. The lawsuit sought compensatory and incidental damages and restitution. Under the terms of the purchase agreement relating to the acquisition of NDSG from Saks in March 2006, the Company had an obligation to indemnify Saks for any damages incurred by Saks under this lawsuit by


15


 

Adamson Apparel, Inc. solely to the extent that such damages related to the business the Company acquired from Saks.
 
A settlement of this action was reached in the second quarter of 2008. The outcome of this matter had no material effect on our financial condition, results of operations or liquidity.
 
We are party to legal proceedings and claims that arise during the ordinary course of business. In the opinion of management, the ultimate outcome of any such litigation and claims will not have a material adverse effect on the Company’s financial condition, results of operations or liquidity.
 
Item 4.   Submission of Matters to a Vote of Security Holders
 
None.
 
Our stock price
has been and may continue to be volatile.



 



The market price of our common stock has been and may continue
to be volatile and may be significantly affected by:


 


































































  •  

actual or anticipated fluctuations in our operating results;
 
  •  

announcements of new services by us or our competitors;
 
  •  

developments with respect to conditions and trends in our
industry;
 
  •  

governmental regulation;
 
  •  

general market conditions, particularly periods of
decline; and
 
  •  

other factors, many of which are beyond our control.






 















Item 1B.  

Unresolved Staff
Comments



 



None.






 















Item 2.  

Properties


 



We currently operate 280 stores in 23 states, encompassing
approximately 26 million square feet. We own 33 stores,
have ground leases on eight stores, and lease 239 stores.


 



We operate under eight nameplates, as follows:


 



































































































             

Nameplate


 

Stores


 

States



 


Bon-Ton


 
 

69
 

 

Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey,
New York, Pennsylvania, Vermont, West Virginia


Elder-Beerman


 
 

58
 

 

Illinois, Indiana, Kentucky, Michigan, Ohio, West Virginia,
Wisconsin


Younkers


 
 

49
 

 

Illinois, Iowa, Michigan, Minnesota, Nebraska, South Dakota,
Wisconsin


Herberger’s


 
 

41
 

 

Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota,
South Dakota, Wisconsin, Wyoming


Carson Pirie Scott


 
 

34
 

 

Illinois, Indiana


Bergner’s


 
 

13
 

 

Illinois


Boston Store


 
 

13
 

 

Wisconsin


Parisian


 
 

3
 

 

Michigan






 


 



Our corporate headquarters is located in York, Pennsylvania
where the majority of our administrative and sales support
functions reside. Our merchandising and marketing functions are
located in Milwaukee, Wisconsin. We own two distribution centers
located in Rockford, Illinois and Green Bay, Wisconsin, and we
lease two distribution centers located in Allentown,
Pennsylvania and Fairborn, Ohio. We have a furniture warehouse
attached to our Naperville, Illinois store.






 















Item 3.  

Legal
Proceedings



 



On December 8, 2005, Adamson Apparel, Inc. filed a
purported class action lawsuit against Saks in the United States
District Court for the Northern District of Alabama. In its
complaint the plaintiff asserted breach of contract claims and
alleged that Saks improperly assessed chargebacks, timely
payment discounts and deductions for merchandise returns against
members of the plaintiff class. The lawsuit sought compensatory
and incidental damages and restitution. Under the terms of the
purchase agreement relating to the acquisition of NDSG from Saks
in March 2006, the Company had an obligation to indemnify Saks
for any damages incurred by Saks under this lawsuit by





15





 






Adamson Apparel, Inc. solely to the extent that such damages
related to the business the Company acquired from Saks.


 



A settlement of this action was reached in the second quarter of
2008. The outcome of this matter had no material effect on our
financial condition, results of operations or liquidity.


 



We are party to legal proceedings and claims that arise during
the ordinary course of business. In the opinion of management,
the ultimate outcome of any such litigation and claims will not
have a material adverse effect on the Company’s financial
condition, results of operations or liquidity.






 















Item 4.  

Submission of
Matters to a Vote of Security Holders



 



None.






 




These excerpts taken from the BONT 10-K filed Apr 16, 2008.
Our stock price has been and may continue to be volatile.
 
The market price of our common stock has been and may continue to be volatile and may be significantly affected by:
 
  •   actual or anticipated fluctuations in our operating results;
 
  •   announcements of new services by us or our competitors;
 
  •   developments with respect to conditions and trends in our industry;
 
  •   governmental regulation;
 
  •   general market conditions; and
 
  •   other factors, many of which are beyond our control.
 
Our stock price
has been and may continue to be volatile.



 



The market price of our common stock has been and may continue
to be volatile and may be significantly affected by:


 


































































  •  

actual or anticipated fluctuations in our operating results;
 
  •  

announcements of new services by us or our competitors;
 
  •  

developments with respect to conditions and trends in our
industry;
 
  •  

governmental regulation;
 
  •  

general market conditions; and
 
  •  

other factors, many of which are beyond our control.


 




This excerpt taken from the BONT 10-K filed Apr 19, 2007.
Our stock price has been and may continue to be volatile.
 
The market price of our common stock has been and may continue to be volatile and may be significantly affected by:
 
  •   actual or anticipated fluctuations in our operating results;
 
  •   announcements of new services by us or our competitors;


13


Table of Contents

 
  •   developments with respect to conditions and trends in our industry;
 
  •   governmental regulation;
 
  •   general market conditions; and
 
  •   other factors, many of which are beyond our control.
 
In addition, the stock market has recently, and from time to time, experienced significant price and volume fluctuations that have adversely affected the market prices of securities of companies without regard to their operating performances.
 
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