The sale of Bon-Ton Stores Inc.to a liquidationcompany 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.
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