Public | |
Traded as | NASDAQ: BONT |
Industry | Retail |
Founded | 1898 |
Headquarters | York, Pennsylvania, and Milwaukee, Wisconsin U.S. |
Number of locations
|
267 (Q3 2016) |
Key people
|
Kathy Bufano President & CEO Keith E. Plowman EVP & CFO |
Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. |
Revenue | $2.834 billion (FY 2016) |
Number of employees
|
27,100 |
Subsidiaries |
Bergner's Boston Store Carson's Elder-Beerman Herberger's Younkers |
Website | www |
The Bon-Ton is a department store chain headquartered in York, Pennsylvania and Milwaukee, Wisconsin. There are 267 stores, which includes nine furniture galleries and four clearance centers, in 26 states. Other brands operated by The Bon-Ton include Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers.
The Bon-Ton was started in 1898, when Max Grumbacher and his father, Samuel, opened S. Grumbacher & Son, a one-room millinery and dry goods store on Market Street in York, Pennsylvania. The store's name was drawn from a British term connoting the "elite" or "high society."
As automobiles replaced horses and the country became more industrialized, through World War I and the Roaring Twenties, the Grumbachers continued to meet their customers' needs. The store grew bigger and, in 1929, the company was incorporated as S. Grumbacher & Son, Inc. In 1931, Max's son, Max Samuel (M.S.), joined the company. When Max the elder died in 1933, his widow, Daisy, and their two sons, M.S. and Richard, continued the business, forming a partnership in 1936.
This was a popular store destination on the classic radio show Fibber McGee and Molly, which aired from 1935 to 1959.
Following World War II, the Grumbacher family decided to expand operations. In 1946, a second Bon-Ton was opened, in Hanover, Pennsylvania. Two years later, the company moved outside Pennsylvania, acquiring Eyerly's in Hagerstown, Maryland, and, in 1957, purchasing McMeen's in Lewistown, Pennsylvania. These early moves set The Bon-Ton's policy of growing into adjacent areas by opening new stores and acquiring existing businesses.