Saks reportedly rejects Bon-Ton offer for Boston Store, Younkers group.

From: The Milwaukee Journal Sentinel (Milwaukee, Wisconsin) (viaKnight-Ridder/Tribune Business News) | Date: September 20, 2005 | Copyright information

Byline: Doris Hajewski

Sep. 20--An offer from Bon-Ton Stores Inc. to buy Saks Inc.'s Northern Department Store Group, which includes Boston Store and Younkers, has been turned down, according to a trade publication report.

The report speculated that the Milwaukee-based group will be sold in smaller clusters or even store by store.

"I think they're going to have to do what they did with Proffitt's," said Robert Page, a retail analyst with Zacks Investment Research Inc. in Chicago. "It could be by nameplate or by store."

Saks, based in Birmingham, Ala., sold its ...

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