Younkers liquidation sale starts today

Younkers liquidation sale starts today

Younkers liquidation sale starts today

Analysts believe that it will take almost 12 weeks for the company to close all its stores.

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 sale was approved after liquidators were the only bidders for Bon-Ton Stores during an auction in bankruptcy court Monday.

A joint-venture between Great American Group and Tiger Capital will acquire Bon-Ton's inventory and assets.

Landry said she's anxious about what the store closing could mean for the mall.

Bon-Ton operates stores under a variety of names including Boston Store, Elder-Beerman, Carson's, Younkers and Herberger's.

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Herberger's serves as a major anchor at Southgate Mall and represents just one of the 260 stores in 23 states operated by Bon-Ton.

That would include stores in Cumberland, Dauphin, Perry and York counties and company headquarters.

In the federal court filing, The Bon-Ton Inc. lists 70,380 square feet at the Honey Creek Mall, which is owned by CBL Properties Inc.

Effective immediately, customers will no be able to use their Boston Store credit card.

From the first days of Bon-Ton's bankruptcy, filed in February, a group of the company's second lien bondholders have been forthright about their intentions. "Details regarding discounts will be communicated in the stores", Bon-Ton said.

She said anytime a business with more than 60 workers closes its doors, it has a big impact on the local economy.

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