Carson's liquidation begins today, to be completed by August 31
02:14, Apr 22, 2018
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Signs above cash register stations in the store advertised 10 percent to 30 percent off original prices. Analysts believe that it will take almost 12 weeks for the company to close all its stores. The closure puts about 24,000 people out of work.
On Wednesday a U.S. Bankruptcy Court for the District of DE approved an agreement between the company and a joint venture. What about the Company's other nameplates?
"As such, Bon-Ton will conduct an orderly wind-down of its operations and is committed to minimizing the impact of this development on our associates, customers, vendors and the communities we serve", the company continued.
In the federal court filing, The Bon-Ton Inc. lists 70,380 square feet at the Honey Creek Mall, which is owned by CBL Properties Inc. A bankruptcy court hearing is scheduled for Wednesday to approve the sale and liquidation details. The chain reported having more than $1 billion in debt. Two liquidation firms were the victors of an auction for the bankrupt department store company's assets.
As of Friday, liquidation sales were under way at all Bon-Ton stores, including Bergner's stores in Bloomington's Eastland Mall and at Hickory Point Mall in Forsyth.
The store is also giving shoppers a 10-day period to use any gift cards and merchandise credits.
Some stores may close sooner and others may remain open longer, depending on inventory, the corporation said in the frequently asked questions section of its restructuring website. Beginning May 1, gift cards and merchandise credits will no longer be accepted. It is headquartered in York, Pennsylvania, and Milwaukee, Wisconsin. It remains home to about 37 stores.
Scot Snitker manages malls in Bemidji and Alexandria, Minn., that have Herberger's stores.
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.
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