3 area Boston Stores to close

3 area Boston Stores to close

Bon-Ton warns of mass layoff if company is not sold

Bon-Ton is also closing Younkers stores in Eau Claire and Marshfield; and Boston Stores in Milwaukee, Janesville, Glendale, Racine, Greendale, Brookfield, Madison, and Wauwatosa. "We remain committed to pursuing the best path forward for the Company and its stakeholders, including Bon-Ton associates".

The future of Bon-Ton - and the result of that sale process - should become clearer within the next week.

Because of that, they are required by law to give notice of closures, in case that sale does not go through.

The company is expected to conduct an auction under the US bankruptcy code on April 9 in NY, after which a court hearing would take place on April 13 to approve a sale.

A Younkers closure would be a big loss for Miller Hill Mall, considering mall anchors around the country are closing faster than they are opening.

Bon-Ton, Younker's parent company, sent a letter to the South Dakota Department of Labor announcing that it may close-permanently-in June. The Janesville store is at the Janesville Mall. According to media reports, it has provided WARN notices in several other states over the past week.

The spokeswoman said talks regarding the sale of the chain are ongoing.

Some shopping center owners are anxious about losing more than an anchor tenant if Bon-Ton is forced to liquidate.

Other stores in the region were not included. A press release says 71 employees will be impacted.

Bon-Ton is an anchor - and the largest tenant - at the 270,000-square-foot Westgate Mall.

In February, Bon-Ton filed for bankruptcy protection, joining a long list of brick-and-mortar retailers struggling to make ends meet in the face of shifting consumer habits and online competition.

Things didn't look much better from February 4 through March 3, according to a monthly operating report filed March 30 in Bankruptcy Court. More than 2,200 employees state-wide will be affected.

Latest News