Rochester, Austin, and Albert Lea to be affected by Bon-Ton bankruptcy

Elder-Beerman to shut stores in 10-12 weeks, CEO says

Bon-Ton Stores Inc.is officially closing its stores across the country.

"It just doesn't seem likely that with the current environment and online sales that anyone would want to take on these big burdensome marquee stores in malls", Patino said.

Several Herberger's stores in North Dakota will be closing.

Bon-Ton expects to provide more details about the liquidation plans and going out of business sales at its stores following approval of the winning bid by the bankruptcy court, the company said Tuesday night.

A statement on the Bon-Ton website said, "Bon-Ton will move forward in a constructive manner to ensure an orderly wind-down of operations that minimizes the impact of this (auction) development on our associates, customers, vendors and the communities we serve".

In a news release from Bon-Ton, which operates over 250 regional department stores across the United States, including Herberger's, Younkers and Carson's, the announcement was made that a joint venture of companies will acquire the inventory and certain other assets of Bon-Ton.

Bon-Ton Store representatives confirm to WTWO News that if the Bankruptcy Court approves the measure, the Terre Haute store will close.

It filed for Chapter 11 bankruptcy protection in early February.

It was in 1982 when the longtime anchor of Norfolk's Sunset Plaza announced that it was succeeding the J.M. McDonald store at the mall.

The failure of the company comes weeks after Toys "R" Us began a piecemeal liquidation of its namesake stores and Babies "R" Us, the latest sign of upheaval in the retail industry. The company said it was in the process of finalizing a purchase agreement with the prospective buyers ahead of the auction, but the investment group never put in a bid.

The firm operates 257 stores in 24 states under seven brand names, with the number after the announced closures to be 213.

KRTV called the Herberger's store in Holiday Village Mall on Wednesday morning; when a KRTV reporter asked if the store is closing, the employee hung up. It initially planned to close only about 40 locations.

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