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undergroundnewsroom.com May 27, 2018


Younkers going-out-of-business sales begin

22 April 2018, 02:21 | Gordon Grant

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Bon-Ton officials had hoped to find a buyer who would keep most of its stores open, but the company's creditors said the chain had no chance of surviving and called for its immediate liquidation.

The sales are expected to last 10-12 weeks, the retailer said, depending on how fast the merchandise goes at each store.

The chain has 250 stores, but 38 already were in liquidation sales due to earlier announced closings.

On Wednesday a U.S. Bankruptcy Court for the District of DE approved an agreement between the company and a joint venture.

Under the agreement, the company's 256 stores, including 49 Younkers stores, will close by the end of August and assets, including store merchandise and property, will be sold.

But when the bidding opened, reports indicate the only firms offering bids were liquidators.

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Bon-Ton Stores is closing all its locations, including 18 Younkers stores across Iowa; four are in the metro.

"I actually was a model as a baby in the window of Boston Store, long ago", said Williams. In the eastern part of the state, it operates stores in Saratoga Springs, Queensbury and Newburgh.

Q: Will customers continue to earn or be able to use loyalty rewards for purchases made in stores? It is headquartered in York, Pennsylvania, and Milwaukee, Wisconsin.

We first told you on Wednesday, Carson's will leave Honey Creek Mall. "Unfortunately Bon-Ton is not".

The Camillus location was not listed as closing when the bankruptcy was announced, but now their website says all of their stores nationwide are closing. "Over the last three years and including projects now underway, we have executed on over 40 redevelopment projects, transforming underperforming space into retail, dining and entertainment destinations that increase sales and traffic to our properties".



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