Herberger's store closing sales start Friday

Herberger's store closing sales start Friday

"The liquidation sales are expected to run for approximately 10 to 12 weeks", said the news release.

The Bon-Ton Stores Inc. was operating 260 stores in 24 states, largely in the Northeast and Midwest, when it filed for bankruptcy in January.

Herberger's is the second staple in the Viking Plaza Mall to close.

Bon-Ton had been working with US mall owners Namdar Realty Group and Washington Prime Group Inc., Reuters reported, in a hope to secure a bid that would have kept many of Bon-Ton's stores open.

Bon-Ton employs 2,255 people in Wisconsin, including more than 700 at its Milwaukee headquarters.

His company has clients who have Bon-Ton stores in their portfolios but none in the Greater Lehigh Valley, he said.

The group of liquidators and creditors who bought Bon-Ton out of bankruptcy for nearly $800 million in an auction that ended Tuesday and was approved by a judge Wednesday are wasting no time in winding down the retailer. Bon-Ton acquired Younkers in 2006. Almost 25,000 employees will soon be out of work, including more than 350 in Nebraska. The liquidators will only accept returns if they meet Bon-Ton's return policies that were in effect on the date they were purchased, the court documents said. "We have grandkids of an age that are looking for tween- or teen-type things, and they've got nothing".

"'We want to buy these stores from you'". "I am sorry to see this institution go and know that this impacts many employees and others".

Bon-Ton's liquidation comes soon after retailer Toys R Us announced last month that it would be closing all of its 740 USA stores, including the one in Champaign.