Bon-Ton Is Filing For Bankruptcy

posted by WKIP - 


(Milwaukee, WI) -- Bon-Ton Stores is filing Chapter 11 bankruptcy protection. Bon-Ton operates a local store at the Newburgh Mall.

Brands that make up Bon-Ton include Boston Store, Carson's, Elder-Beerman and Younkers. The company recently announced plans to close 47 of its 260 stores. The company is under heavy debt and sales competition from digital rivals. "USA Today" reports Bon-Ton is aiming to keep stores open, although retail bankruptcies often signal the possibility of liquidation or a major downsizing.

 Bon-Ton stores are located in 24 states in the Northeast, Midwest and the Great Plains

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Photo:  flickr, Random Retail

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