It's official: The going-out-of-business sale starts today at Bon-Ton.
The statement on the Bon-Ton website said that throughout the court-supervised sale of company assets, all of Bon-Ton's brands, including Herberger's, will remain open through store-closing sales. ("Bon-Ton"), which is expected to result in the closure of all Bon-Ton stores.
On Tuesday night, the company confirmed that Tiger Capital Group and Great Americana Group won the bid for auction of Bon-Ton's parent company Younkers. Merchandise credits, gift cards and gift certificates will continue to be honored for 10 days following the first day of store closing sales.
But when the bidding opened, reports indicate the only firms offering bids were liquidators.
The anchor store of the Grand Avenue Mall, Boston Store, is one of 260 Bon-Ton stores nation-wide set to close for good.
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The store said shoppers can still make online purchases, and any orders already placed will be delivered. It was acquired by Bon-Ton in 2005. Its headquarters are in York, Pa., and Milwaukee.
The corporation has stores in 23 states.
The closure of Herberger's marks the latest setback at Southgate Mall, which saw the closure of Sears in 2015.
"CBL controls the Carson's space at Honey Creek Mall", CBL spokeswoman Stacey Keating said this morning. Bon-Ton's top management's initial priority was to sell the business to an individual buyer who would be passionate about the business and turn it around all together. "We will announce more information as plans are finalized", she said. "Over the last three years and including projects now underway, we have executed on over 40 redevelopment projects, transforming underperforming space into retail, dining and entertainment destinations that increase sales and traffic to our properties". The store closing total included four that closed in January and another which closed in February.