Published: Sat, April 21, 2018
Finance | By Jaime Brady

Going-out-of-business sales underway at Bon-Ton

Going-out-of-business sales underway at Bon-Ton

Customers will have a chance to buy in store sale items online as well.

Christine Hojnacki, vice president of public relations for Younkers, said in early April that the Grandville and Holland locations would not be closing, despite a statement from the company saying it was closing stores. Bon-Ton officials originally sought to sell to an investor group composed of DW Partners, Namdar Realty Group and Washington Prime Group in an attempt to keep at least some of the stores open.

Meerkatz said his organization doesnt work much with national retailers, but his sense was that this should not undermine confidence in the strong economic trends people were observing elsewhere in the valley. Great American Group and Tiger Capital Group purchased Younkers and other Bon-Ton Inc. stores through a bankruptcy sale this week. In addition, all sales personnel at the affected LXRandCo locations are employees of Bon-Ton and will follow the appropriate procedures under the wind-down of the Bon-Ton operations.

In early February, Bon-Ton and its subsidiaries filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The chain reported having more than $1 billion in debt.

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But when the bidding opened, reports indicate the only firms offering bids were liquidators. Such sales at stores in the Phillipsburg and Trexler malls have been underway for some time since their closings were previously announced along with 36 other properties.

According to a release from Bon-Ton, the company's rewards program has been discontinued. Coupons are no longer valid. Merchandise returns also must be made within the 10-day period.

Out-of-business sales were set to begin today across the country, including at Herberger's at Kearney's Hilltop Mall, announced the department store's parent company. Its headquarters are in York, Pa., and Milwaukee. It remains home to about 37 stores.

"Every five feet it was another hug and people saying how much they love the store and how sad they are". In western NY, it operates six stores in the Buffalo and Niagara Falls area, and one each in Lakewood and Olean.

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