Thursday, 24 May, 2018

Bon-Ton's liquidation sale is starting

Peru Bergner's among stores expected to be liquidated Herberger's will close in Rock Springs
Heather Davidson | 22 April, 2018, 02:19

The sale of Bon-Ton Stores Inc.to a liquidation company awaits a DE bankruptcy judge's signature to finalize the deal.

The going-out-of-business sale is expected to last for about 10 to 12 weeks, according to the Thursday announcement.

All 212 stores owned by The Bon-Ton Stores, Inc. will close and sales will be held online and in the brick-and-mortar locations under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers nameplates.

It's part of Bon-Ton's bankruptcy liquidation plan. The company on Tuesday announced a winning bid for the company's assets in a bankruptcy auction.

The company operates 250 stores, which includes nine furniture galleries and four clearance centers, in 23 states in the Northeast, Midwest and upper Great Plains.

The mall launched a "Thank you for shopping locally" campaign a year ago to educate the public about the impact of shopping out of town and online.

Locally, shoppers can browse deals at Bon-Ton stores in Wyoming and at the Wyoming Valley Mall in Wilkes-Barre Twp.

According to Reorg Research, a research firm based in NY, it was revealed that the winning bid was valued at $775.5 million. Hojnacki did not return multiple requests for comment for this story.

Crossroads Mall opened in 1967. When Bon-Ton closes, it will be the fourth new vacancy in the mall in a year. In the past two years, Vanity and Radio Shack have closed their doors after declaring for bankruptcy. Tops Markets LLC filed for Chapter 11 reorganization on February 21.

The closure of Herberger's marks the latest setback at Southgate Mall, which saw the closure of Sears in 2015. Beginning in October, a $1.35 million project to redevelop the site began, with TJX officials announcing this week that a Marshalls store will open after months of signs being on display.

Recommended

  • United Kingdom  pottery produces 'well suited' Harry and Meghan wedding mugs

    United Kingdom pottery produces 'well suited' Harry and Meghan wedding mugs

    Kate Middleton and Prince William's balcony kiss will be recreated by Meghan Markle and Prince Harry on the steps of St. Markle added: "Our uncle, brother, me, best friend of 30 years, nephews".
    Utah students rally for gun reform on anniversary of Columbine shooting

    Utah students rally for gun reform on anniversary of Columbine shooting

    Meanwhile, in CT , the students put up a sign on a fence by the football field that read, "Can't hear us now?" West Lafayette Junior/Senior High School held a protest in light of the shooting which occured 19 years ago.
    Nishikori Fights Back To Reach Monte Carlo Final

    Nishikori Fights Back To Reach Monte Carlo Final

    Rafael Nadal once again proved his superiority on clay courts with a Monte Carlo Masters semi-final win over Grigor Dimitrov . Nadal piled on the pressure in game 10 to earn two set points on Dimitrov's serve, snatching the second to go a set up.
  • Last Week WPP plc (LON:WPP) Ratings

    It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries. After $0.12 actual EPS reported by Tronox Limited for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
    'Smallville' actress Allison Mack arrested for role in alleged sex cult

    'Smallville' actress Allison Mack arrested for role in alleged sex cult

    It's alleged Mack recruited sex slaves for Raniere in exchange for " financial and other benefits ", according to prosecutors. Mack's fellow "Smallville" co star Kristin Kreuk was also accused of aiding sponsor girls as sex slaves into Nxivm .
    Syrian, Russian Officials Block Inspectors From Gas Attack Site

    Syrian, Russian Officials Block Inspectors From Gas Attack Site

    The Russian government accused the United Kingdom of staging the attack, which the British government says is "ludicrous". The "mission has not been accomplished", said Suzanne Akhras, president of the Syrian Community Network.
  • Former federal prosecutors added to Trump legal team

    Former federal prosecutors added to Trump legal team

    The former mayor's law firm, Greenberg Traurig, distanced itself from him, and he took leave for an unspecified amount of time. Trump's legal team had been short-staffed for several weeks, since the departure of attorney John Dowd last month.
    Apple, device makers behind DOJ probe of telecom collusion

    Apple, device makers behind DOJ probe of telecom collusion

    It would also make it easier for people to use their devices while traveling for business. CNN's video below covers why the AT&T Time Warner trial matters.
    Syria War Situation to Remain Unchanged Despite Air Strikes

    Syria War Situation to Remain Unchanged Despite Air Strikes

    The purported chemical incident in Douma allegedly took place on April 7. "Suffocation cases arrived as a result of the debris, dust, fire and smoke".
  • Accused Taylor Swift Stalker Arrested Inside Her Home After Break

    Accused Taylor Swift Stalker Arrested Inside Her Home After Break

    Just this past week, a man wearing gloves and a mask was arrested outside of Swift's Beverly Hills home on suspicion of stalking. "He is charged with stalking in the 1st, burglary, criminal mischief in the 3rd and criminal trespassing in the 3rd".
    Kathy Castor Leads Democrats in Demanding Scott Pruitt's Resignation

    Kathy Castor Leads Democrats in Demanding Scott Pruitt's Resignation

    Democratic leaders from the House Energy and Commerce Committee sent letters today to Chairman Greg Walden, D-Ore., and Rep. An EPA spokesman told Reuters that rescheduling the trip had been stymied by Australia's parliamentary schedule.
    Tribe evolve to thrive under sea

    Tribe evolve to thrive under sea

    The team measured the spleens of Bajau who weren't divers and found they were large, too, suggesting evolution is at play. However, Weddell seals which are deep diving seals, are known to have disproportionately large spleens.

Celtics take it on the chin in Game 3 loss Celtics take it on the chin in Game 3 loss The Bucks' defensive length bothered Boston, with 13 blocks helping keep the Celtics' shooting percentage down. BC-BKN-Bucks-Lineup Changes, 130Bucks starting center John Henson out for Game 3Eds: APNewsNow.

Grassley to press ahead on bill protecting Mueller Grassley to press ahead on bill protecting Mueller Under the bill, if a court determined a special counsel wasn't fired for "good cause", the person would be reinstated. He has said in no uncertain terms that he thinks he should be fired.

Trump confident his lawyer Cohen won't betray him Trump confident his lawyer Cohen won't betray him Cohen's lawyers have called the raid an assault on attorney-client privilege, and Trump has said it was "an attack on our country. On Saturday morning, Trump defended Cohen in a flurry of tweets at around 8.20am which he deleted within an hour.

Notre Dame, Alabama Set For Home and Home Series In 2028, 2029 College football heavyweights Alabama and Notre Dame will visit one another for nonconference games in 2028 and 2029. Two of the winningest programs in college football history will square off starting in the 2028 season.

Videos, photos released in Prince death investigation Videos, photos released in Prince death investigation "Therefore we simply do not have sufficient evidence to charge anyone with a crime related to Prince's death". Schulenberg prescribed some medications under Johnson's name and gave Prince an IV, according to documents .

Eagles, Foles revise contract Eagles, Foles revise contract Super Bowl 52: Quarterback controversy brewing with Eagles? Wentz is targeting a Week 1 return, though not is not guaranteed. Mike Garafolo of NFL Network reports the Eagles have reached an agreement with QB Nick Foles on a revised contract .

Romania to move its embassy to Jerusalem Romania to move its embassy to Jerusalem Israel has annexed East Jerusalem and declared the entire city as its capital, a move not recognized by the worldwide community. The Palestinian Authority has demanded that Romania not move its embassy in Israel to Jerusalem.

CDC warns consumers to not eat any romaine lettuce CDC warns consumers to not eat any romaine lettuce You can get exposed to E. coli from contaminated water or food, or through contact with fecal material from people or animals. All stores pulled product from the shelves after the initial warning , which didn't pinpoint Yuma, and replaced it.

BJD not in favour of impeachment motion against CJI Dipak Misra BJD not in favour of impeachment motion against CJI Dipak Misra After a 40-minute-long meeting with Naidu, opposition leaders said they expected positive action from the Rajya Sabha chairman. The MPs who signed the notice belong to the Congress , the NCP, the CPI-M and CPI, the SP and the BSP.

FAA orders emergency jet engine inspections after U.S. plane failure FAA orders emergency jet engine inspections after U.S.  plane failure Jennifer Riordan, a 43-year-old bank executive and mother of two from Albuquerque, was killed Tuesday when the engine exploded. United Continental Holdings (UAL.N) said that it had begun inspections earlier after a recommendation from CFM.

Justice to give Congress access to James Comey memos Justice to give Congress access to James Comey memos The bureau was investigating the Clinton Foundation , the FBI attorney revealed for the first time to The Journal. "It's not okay. While at the FBI, McCabe played a pivotal role in the investigation into Clinton's emails.

Prince's Death: Doctor Will Be Fined For Opioid Prescription, But No Charges Prince's Death: Doctor Will Be Fined For Opioid Prescription, But No Charges The cause of death was an accidental overdose of the opioid fentanyl, according to the Midwest Medical Examiner's office. Metz said Thursday that Schulenberg had written prescriptions for medications such as the opioid percocet.

Heat Even Sixers Series, Warriors Take 2-0 Lead Heat Even Sixers Series, Warriors Take 2-0 Lead But I do know the spirit in which he delivers that Tweet. reflects my conversations with him. "Of course, we are missing him". Embiid sustained the injury after colliding with teammate Markelle Fultz .

National Football League to release Rams' regular season schedule on Thursday National Football League  to release Rams' regular season schedule on Thursday All 32 teams already know which opponents they'll face at home and on the road , but don't know when they'll face off. Super Bowl LII champions Philadelphia Eagles will play the Jacksonville Jaguars on October 28 at Wembley Stadium.

Students in Moorhead to remember Columbine tragedy 19 years ago Students in Moorhead to remember Columbine tragedy 19 years ago Others are hosting "get out the vote" drives, helping students to register online to vote if they are of age. It's part of a national school walkout day to commemorate the 13 killed in 1999 at Columbine .