One of Country's Largest Department Store Companies Closing All Stores

consumer
April 24, 2018Apr 24, 2018

One of the nation's largest department store companies has just filed a major announcement. According to reports, Bon-Ton Stores Inc., plans to liquidate all 256 of its stores, which include Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers.

The liquidation was approved on Wednesday by a bankruptcy judge. Bon-Ton reportedly has stores in 23 states and about 23,000 part-and full-time employees.

"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," said the company.

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The news of the closure comes on the heels of other major retailers shutting their doors for good. The age of digital shopping has drastically cut sales in brick-and-mortar locations. As Amazon sales boom, traditional retailers are left struggling.

https://twitter.com/WSJ/status/986582664911245312

Lawyers for Bon-Ton did not respond to messages from CNNMoney. But the company, in its February court filing, blamed e-commerce as a prime culprit leading to its downfall, reported CNN.

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