Two liquidation firms won an auction for the bankrupt company's assets, after the retailer failed to find a bidder willing to continue operating the 160-year-old business.
Bon-Ton Stores, which operates over 250 Herberger's and Younkers Department stores across the US, including a Herberger's store in New Ulm, announced Tuesday they are bankrupt and all stores are expected to close within the next few month.
On April 18, 2018, Bon-Ton officially announced Bankruptcy Court approval of the sale of the inventory and substantially all of the Company's assets.
And if you bought something from Bon-Ton that you want to return, you'd better hurry to the store, too.
Bon-Ton filed for bankruptcy February 4.
Bon-Ton has stores in the Eastern Hills Mall, McKinley Mall, Chautauqua Mall, Olean Center Mall and the former Summit Mall, as well as in West Seneca, the Town of Tonawanda and Lockport.
"The stores obviously have been a part of this community for decades and decades and it's sad to see them go, " said Milwaukee Mayor Tom Barrett. Liquidation firms Great American Group and Tiger Capital Group are the winners of the auction.
The Department of Labor, according to a current Herberger's employee, is calling Herberger's employees in North Platte to notify them of the store's closing.
A timeline of when the store will close was not available as of press time. "The Boston Store has been an institution since its founding in Milwaukee in 1897".
The company said it expects Younkers and its other stores to remain open during going-out-of-business sales. "I am sorry to see this institution go and know that this impacts many employees and others".
There is no timetable on when the lanes will be re-opened. "Looking at the damage it certainly could have been far worse". The crash forced police to close all eastbound lanes of Highway 401 at Trafalgar Road near Milton for several hours.
For the latest breaking news and stories from across the Tri-State, follow Eyewitness News on Facebook and Twitter . Each of the candidates have tried to tie themselves to Trump in the home state of Vice President Mike Pence .
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Actress Paula Patton has just stepped out with her new boyfriend Zachary Quittman - amid rumors that he's actually still married. The couple, who've been dating a month, held hands as she smiled for the paparazzi. "I haven't called anybody a boyfriend".
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After $0.60 actual earnings per share reported by BCE Inc. for the previous quarter, Wall Street now forecasts 6.67% EPS growth . Omega Advisors Inc decreased Aercap Holdings Nv (NYSE:AER) stake by 609,589 shares to 1.54M valued at $81.12 million in 2017Q4.
The company reported strong sales during the 2017 holiday season, thanks in large part to TV and smartphone sales. Best Buy will begin selling 10 models of the Fire TV in the USA this summer, and later this year in Canada.
The phone will be backed up by a 3,000 mAh battery which will be able to last for longer compared to other phones at this range. Finally up at the top end is the Moto G6 Plus: it boasts a larger 5.9-inch screen, with a resolution of 2,160 x 1,080 pixels.
Eli Lilly and Company (LLY ) have shown a high EPS growth of -15.00% in the last 5 years and has earnings decline of -37.00% yoy. Eli Lilly and Company (LLY ) stock price tumbled -0.25% to finalize at $79.72 throughout previous buying and selling session.
The company introduced Alexa Skill Blueprints this week, a new way to create your own personalized skills and responses for Alexa. Amazon has announced Alexa Skill Blueprints, a new way for users to vastly personalize their Alexa experience.
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IPL 2018 Match 16 SRH vs KXIP Live Streaming
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