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.
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.
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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