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… has formed a joint venture with Simon Property Group Inc. for about 42 stores. Department store operator The Bon - Ton Stores Inc . said in June that it would sell six properties to a REIT and lease them back.
… and that hurts stores that cater to lower-end shoppers. Drug-store Walgreens and lower-end department stores Bon Ton Stores Inc . and SteinMart all both reported a decline in revenue in stores open at least one year in March. Analysts also …