Although Bon-Ton and the NDSG
share a moderate-to-upper moderate store model, the NDSG
trades a notch above Bon-Ton, with more fashion-forward, updated merchandise, Bergren said.
s corporate merchandising team for the NDSG
will not join the newly combined chain.
While both Bon-Ton and the NDSG serve a similar customer base -- with stores located in secondary and tertiary markets -- and share a moderate-to-upper moderate store model, Bergren said the NDSG trades a notch above Bon-Ton, with more fashion-forward, updated merchandise and a stronger private-label program that will help drive margins and differentiate the merchandise mix.
Although the NDSG has a heavier concentration of overall private-label goods than Bon-Ton, the reverse is true in home.
For now, Bon-Ton and the NDSG will operate as separate divisions, with Michael McDonald, NDSG's chief executive officer, reporting to Bergren.
The NDSG includes 31 Carson Pirie Scott stores, 14 Bergner's stores, 10 Boston Store stores, 40 Herberger's stores and 47 Younkers units.
However, comparable store sales at the acquired NDSG stores were up 4.
BONT financed the NDSG acquisition entirely with debt, which pushed adjusted debt/EBITDAR from 3.
4% for the quarter, primarily reflecting the sale of the NDSG business.
Items not allocated to the business segments are comprised of the gain on the sale of the NDSG business (approximately $205.
For the prior year second quarter, SDSG also included the operations of NDSG for the entire quarter.
0 billion in cash from the sales of Proffitt's/McRae's, NDSG
, and Parisian.