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Bon-Ton will go out of business

Bon-Ton will go out of business

The writing may be on the wall for the parent company of a Scottsbluff department store.

Officials at Bon-Ton hoped the bankrupt company would be saved by a last-minute joint bid by several mall owners last week, including Sioux City's Southern Hills Mall owner Washington Prime Group.

A report by Reuters Tuesday morning says that only two liquidators were present for Monday's court-supervised bankruptcy auction in Wilmington, Del.

A portion of the winning bid came in the form of a credit bid, or when a creditor uses some of what they are owed instead of cash, sources told Reuters.

Jon Thoreson
Jon Thoreson

"It actually helps us move forward a little bit quicker than we normally would because its just one more major store that we're not in negotiations with", Breidenbach said when asked about the potential closure.

Bon-Ton Stores, Inc.is likely going out of business, according to a report by Reuters. That was part of the company's restructuring plan following the filing for bankruptcy. The law requires employers to give 60 days advance notice of mass layoffs. Bon-Ton also has Younkers stores in Eau Claire, Marshfield and Green Bay.

It appears the end might be near for Younkers and other Bon-Ton Stores brands. The department store was founded in Keokuk, Iowa, in 1856 by Polish immigrant brothers Lipman, Samuel and Marcus Younker. Both have served as anchor stores for the mall. The chain, headquartered in Milwaukee and York, Pa., operates stores in 23 states under a variety of nameplates, including Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers.

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