Going out of business sales will begin at The Bon-Ton Stores, today, April 20.
The department store chain, which recently announced its liquidation, currenty operates 212 stores and e-commerce websites under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates.
The company’s stores, e-commerce and mobile platforms are open and serving customers. The liquidation sales are expected to run for approximately 10 to 12 weeks. Bon-Ton currently has 250 stores, 38 of which are already in liquidation from a previously announced store closure process.
On April 18, the U.S. Bankruptcy Court for the District of Delaware approved an agreement between the company and a joint venture composed of the holders of the company’s 8% second lien secured notes due 2021 and Great American Group and Tiger Capital Group, governing the liquidation of the inventory and certain other assets of the company.