One of America’s Biggest Department Store Chains Now Closing Every Single Store

consumer
April 24, 2018Apr 24, 2018

After declaring bankruptcy earlier this year, another American landmark department store chain recently announced they’re closing up for good, shuttering all 256 of their stores.

According to CNN Money, Bon-Ton Stores Inc. has not found a buyer. The chain, which has locations in almost half of the states in America, initially began closing about 40 of their stories earlier this month.

Bon-Ton also owns Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers. Those locations are included in the mass closure.

The company has a history going back to 1854 in Pennsylvania but more recently has been headquartered in Milwaukee, Wisconsin, and York, Pennsylvania. Bon-Ton specializes in clothing, beauty items, furniture, and household items.

23,000 employees will be affected by the closures. The company blamed the success of internet sales by other companies for their own slumping brick-and-mortar store sales. They also pointed to increased competitions from similar department store chains, like Macy’s, JCPenney, and Kohl’s.

"Bon-Ton, with a significant geographic operating footprint and operating presence, is dependent on store traffic, which has decreased as customers shift increasingly toward online retailers," the company said in a statement.

Macy’s, however, is struggling, too. Earlier this year, Macy’s announced it was cutting 5,000 jobs and closing a handful of stores.

As for other brick-and-mortar retailers, Walmart announced in January that they were shuttering 63 Sam’s Club locations. Toys ‘R’ Us recently started closing all of their stores and have already shut down their online shop for good.

What do you think of this? In other news, First Lady Melania Trump turned a lot of heads with a couple outfits she wore for an official visit with the French president and his wife.

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