Bon-Ton, parent company of Herberger's, appears headed toward liquidation and closure

22 April, 2018, 02:18 | Author: Franklin Nunez
  • Peru Bergner's among stores expected to be liquidated

"Going out of business" signs went up at the Bon-Ton store in Camillus this morning as liquidators began the process of shutting down the bankrupt department store chain.

The company said in a news release Thursday night that it expects its stores to close within about 10 to 12 weeks, but cautions that the time frame could be longer or shorter for any individual store, depending on sales and inventory levels.

The Bon-Ton Stores, Inc. today announced that going out of business sales will begin Friday, April 20, 2018, in 212 stores and e-commerce websites under the BonTon, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers nameplates.

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"We are incredibly grateful to all of our associates for their dedicated service to Bon-Ton and to our millions of loyal customers who we have had the pleasure to serve as their hometown store for more than 160 years". The company on Tuesday announced a winning bid for the company's assets in a bankruptcy auction.

Employees at the Olean store declined to comment Thursday, recommending questions be sent to a corporate official. It previously operated stores at Destiny USA in Syracuse, Great Northern Mall in Clay and ShoppingTown Mall in DeWitt.

The new owners have not yet revealed their plans for the mall. Hojnacki did not return multiple requests for comment for this story.

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The retail giant shutdown includes the Younkers store in the Muscatine Mall, which is one of the last anchor stores at the location. J.C. Penney Co. moved to the mall in 1994 from the town of Allegany, while Kohl's opened its mall location in 2012.

The company filed for voluntary Chapter 11 bankruptcy on February 4. The store expanded twice before locating to Cedar Mall in the late 1970s. The Olean Kmart on West State Street closed in September due to lagging sales and a bleak outlook for the firm.

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