York, Pa.-based retailer The Bon-Ton Stores has been in talks about a potential sale or merger with regional players Stage Stores and Belk, according to Women’s Wear Daily. Stage, which operates 850 stores in 40 states under banners including Bealls, Palais Royal, Peebles, Goody’s and Steele’s, would be the more likely merger partner, sources said. Bon-Ton’s regional brands include Elder-Beerman, Boston Store, Bergner’s, Herberger’s and Carson’s.