Struggling Bon-Ton Stores Inc. files for bankruptcy protection
Source: Milwaukee Journal Sentinel
Struggling Bon-Ton Stores Inc. files for bankruptcy protection
Paul Gores, Milwaukee Journal Sentinel Published 12:19 a.m. CT Feb. 5, 2018 Updated 8:30 a.m. CT Feb. 5, 2018
Stressed by heavy debt and slumping sales, department store retailer Bon-Ton Stores Inc. said Sunday night it has filed for bankruptcy protection. ... The parent company of Boston Store, Younkers and other stores said its voluntary Chapter 11 bankruptcy petition, filed in U.S. Bankruptcy Court in Delaware, would allow it to explore strategic alternatives, such a sale of the company or parts of it in a plan of reorganization.
Its stores and online operations remain open for business as usual, the company said. ... In its announcement Sunday, Bon-Ton said the company is in "constructive discussions" with potential investors and its debt holders regarding the terms of a financial restructuring plan.
....
In addition to Boston Store and Younkers, Bon-Ton operates under the brand names Bergner's, Bon-Ton, Carson's, Elder-Beerman and Herberger's. ... Bon-Ton has not been profitable since 2010, and is headed for a loss for fiscal 2017 as well. Online merchants such as Amazon and others have cut into business, and fewer consumers are going to shopping malls.
Stores operated by Bon-Ton are anchor tenants in many shopping centers, including about two dozen in Wisconsin. In metro Milwaukee, Bon-Ton has Boston Store locations at Mayfair in Wauwatosa, Brookfield Square, Southridge in Greendale and Grand Avenue in Milwaukee. ... Bon-Ton has about 600 employees in Milwaukee, which is one of the two cities it calls headquarters. The other is York, Pa.
Read more: https://www.jsonline.com/story/money/business/2018/02/05/struggling-bon-ton-stores-inc-files-bankruptcy-protection/306140002/
I've been in one or two, but I've never bought anything from them. I thought they were mainly out west, because that's the only place I've seen them - Spokane, Portland, places like that.
https://en.wikipedia.org/wiki/The_Bon-Ton
AJT
(5,240 posts)Maggiemayhem
(811 posts)There was a larger one in Hagerstown Md that recently closed. One of the few places to buy decent clothes with really good sale deals.
Freddie
(9,275 posts)We have one nearby. They can't compete with Kohl's, which has a better selection and is often cheaper. Same kind of stuff, clothes, housewares, jewelry, gifts. Bon-Ton may be a bit more upscale.
snowybirdie
(5,243 posts)in the Chicago area was always my go-to place for clothing. But it's stores are pretty empty these days
MountCleaners
(1,148 posts)...and will until they shut down for good. Their buyers are really good - they find good styles at decent prices. I especially like their shoes. It's nice to actually SEE and try on shoes and boots - you don't know what the hell you're getting when you order them online, and I've gotten some duds.
Carson's has been a mainstay my entire life. I grew up two miles from two different stores. They're such an institution in Chicago.
Kashkakat v.2.0
(1,752 posts)10 things I try on end up being something Id consider buying. What I think will look good on me often doesnt, and vice versa. Spoze if you have the tall thin physique of a model, you find everything looks good on you - but that's not the reaity for most people. The prices on the internet are no better than sale prices at Boston Store - in fact often far worse. And the whole packaging and shipping things back to Amazon is a royal PITA.
Wisconsinite here! If something is out of stock at my local Boston Store I just go their website and order it. And then take it back to the store if I decide I dont want it.
Maggiemayhem
(811 posts)hack89
(39,171 posts)with their simple return process. You simply order several different styles or sizes, try them on, and return the ones you don't want. My wife and do it all the time.
LisaM
(27,845 posts)Since I don't shop Amazon, I don't shop Zappos.
hack89
(39,171 posts)Maggiemayhem
(811 posts)I wear Easy Spirit Traveltime and some Clarks.My shoes have to be backless and in the winter I can wear fur lined boots a
size up like Bear Paws. I am pretty limited on shoe choices or I would wear some of those awesome shoes my daughter left. Bad Ankles and heel spurs. I could find these brands at Bon Ton or the outlets across the bridge. I dont know if I will ever buy a pair of shoes online. I have had the store order my size though.
femmocrat
(28,394 posts)Slightly less expensive than Macy's, but good quality stuff. Good sales, too. Oh well, another one bites the dust.
Maggiemayhem
(811 posts)Some Macys have closed but other are still open.
femmocrat
(28,394 posts)murielm99
(30,778 posts)I shop there.
The trouble is, I am not a person who shops all the time. I bought a lot of housewares there when we were redoing parts of our house, and I may do that again. But I don't shop as a hobby, the way some people do.
LisaM
(27,845 posts)This year at Christmas, we needed to travel to Duluth and I wanted to get my sister-in-law an Instant Pot. I thought I'd take advantage of all those stores that offer you the ability to go order it where you live and pick it up in another store. Nowhere was able to do this for me - the pots were sold out - so when I got to Duluth, I walked into the Younkers. They'd just gotten in a shipment, the woman gave me a ten percent discount, and she even cheered when I walked up to the counter with it. On the way out of the store, other shoppers saw my Instant Pot and excitedly asked where I'd found it. I directed them all to Younkers.
I wanted to wrap and hand the present to my SIL; I didn't want a box delivered to her house anonymously (and then have to worry it would get stolen off the front porch). My experience at Younkers was gratifying; we went back a couple of more times while we were in Duluth.
I can't imagine not wanting to experience shopping this way. I like those stores and I'd highly encourage everyone who can to shop there, or even shop online. They have great deals and really nice employees and I've found good stuff at both of them.
msongs
(67,462 posts)Dreamer Tatum
(10,926 posts)Rhiannon12866
(206,332 posts)One of the big "anchor" stores at the local mall.
LisaM
(27,845 posts)That's the pattern.
Rhiannon12866
(206,332 posts)They still have JC Penney and Sears. Bon Ton replaced Caldor which left over 10 years ago.
bucolic_frolic
(43,375 posts)in LV and SE PA and in Burlington VT
They bought the old Hess department chain in Pennsylvania, and the transition was seemless at least for a couple of satellite stores. Almost couldn't tell the old from the new.
So many of the old department store chains were formed in the mid 1800s to early 1900s or so in satellite cities or in major cities, and run for decades with mergers or alliances with other stores or family members. Read the Wikipedia for clues to the names of - Gimbel's, Saks, BonTon, Hess, Lit Bros, Quackenbush's, even Two Guys, Gertz, Bergdorf-Goodman, Abraham & Strauss, and the names go on and on. All great stories who melded growing populations and demographics with filling the needs of customers.
https://boulderjewishnews.org/2012/shopping-the-rich-jewish-history-of-department-stores/
CTyankee
(63,914 posts)I could buy everything there. I got shoes, underwear, nightgowns, slacks, tops and even my make up and fragrancies. It made shopping for bras a much better experience...how will the Internet help that since you have to try the bra on for the right fit!
I feel like my life has been diminished by their disappearance...