April 6, 2018
The Bon-Ton Stores will close a number of Bon-Ton, Carson’s, Elder-Beerman, Boston Store and Bergner’s store locations this month.
The closures will join five other recently announced store closures and include 12 Bon-Ton locations, 12 Carson’s locations, eight Younkers locations, four Elder-Beerman locations, three Herberger’s locations, two Boston Store locations and one Bergner’s location across Illinois, Indiana, Pennsylvania, Wisconsin and other U.S. states.
The store closures kicked off yesterday, Feb. 1, and will run for approximately 10-12 weeks.
“As part of the comprehensive turnaround plan we announced in November, we are taking the next steps in our efforts to move forward with a more productive store footprint,” says Bill Tracy, president and chief executive officer, The Bon-Ton Stores. “Including other recently announced store closures, we expect to close a total of 47 stores in early 2018. We remain focused on executing our key initiatives to drive improvedperformance in an effort to strengthen our capital structure to support the business going forward.”
In addition, Bon-Ton Stores partnered with Hilco Merchant Resources to help manage the store closing sales.
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.