Younkers will close at mall, 93 to lose jobs

Alicia Cross
April 7, 2018

"Bon-Ton is in active discussions with an investor group to acquire the company in a court-supervised sale process", it said in its statement.

Elsewhere, Bon-Ton informed OH officials of the possible closure of its West Jefferson fulfillment center, which would affect 330 workers, and an Elder-Beerman store in Dayton that employs another 122 people.

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

Bon-Ton Stores, Younkers' parent company, announced the closure of 12 stores today, including the Eau Claire Younkers at the Oakwood Mall.

"Since that date (the company) has been actively engaged in efforts to reorganize the business or sell the business", Bon-Ton vice president Gail Monreal wrote to DEED. "We are encouraged by the interest in Bon-Ton, and we hope that jobs will be preserved through a sale process". An auction is set for April 9, followed by a hearing on April 13 to approve a sale.

The company sent a letter to the department Thursday saying that it plans to close stores in Omaha at Oakview and Westroads malls if it is forced to liquidate.

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The bid for Bon-Ton offers a path for the retailer to survive, according to sources in the report. The company has a Younkers store at Gateway Mall in Lincoln, as well as one in Grand Island.

The spokeswoman said talks regarding the sale of the chain are ongoing. It is legally required to provide employees with 60 days notice before they lose their jobs. A press release says 71 employees will be impacted.

Boston Store - Bayshore Mall in Glendale.

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

In February, Bon-Ton announced it had filed for Chapter 11 bankruptcy protection and was seeking a possible buyer of assets. Sales also have consistently declined for the chain, co-headquartered in York and in Milwaukee. More than 2,200 employees state-wide will be affected.

Other reports by Free-Prsite

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