Younkers, Herberger's closing sale starts Friday

20 Abril, 2018, 02:15 | Author: Arnold Perez
  • Bon-Ton lenders pushing for liquidation prevail at auction

Boston Store could close its Wisconsin stores, including the ones in Madison and Janesville if an agreement to purchase the company isn't finalized.

Bon-Ton Inc. - the parent company of Herberger's - is going out of business after the company announced Wednesday that the sale of its inventory and assets to liquidators was approved by a bankruptcy court.

In addition to e-commerce, the company said it's also getting squeezed by anchor store competitors like JCPenney, Kohl's and Macy's.

And if you bought something from Bon-Ton that you want to return, you'd better hurry to the store, too.

Bergner's in Peru Mall is one of 212 Bon-Ton stores that will be liquidated, according to the bankruptcy court filings.

Bon-Ton had previously announced that the Carson's in Danville would be closing, and the liquidation sale there is ongoing.

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Adams said Bon-Ton was hit hard during the recession a decade ago and was never able to recover.

Toys "R" Us filed for Chapter 11 bankruptcy a year ago and is liquidating and closing its 735 stores in the US.

While Bon-Ton is not profitable, Snitker says that Herberger's itself is. A Bon-Ton spokesperson did not return requests for comment.

Moorhead resident Norma Erickson said she sometimes shops at the Moorhead Center Mall Herberger's once a week, "sometimes once every couple weeks".

She said she did not know when the store would close, but said it typically takes a couple of months.

But Bob Grantham, known to many as Bob the barber, isn't so sure.

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