The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U. Learn more at www. ContactsLisa A. The forward-looking statements in this communication are qualified by these risk factors. Each statement speaks only as of the date of this press release and WPG undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.
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Connect with the definitive source for global and local news. If the court approves the deal, a joint venture will acquire the inventory and certain other assets of the company. The Dayton Daily News reports all locations of the Midwest-based department store could close within 10 to 12 weeks.
In a statement to WYSO, company officials say the stores, e-commerce and mobile platforms will remain open throughout the planned store-closing sales. Bon-Ton officials are expected to release more details about store liquidation plans and going-out-of-business sales following approval by the bankruptcy Court.
Bon-Ton filed for bankruptcy earlier this year. Company officials did not provide additional information on any employee-separation or assistance offers. There are currently seven Elder-Beerman stores in the Miami Valley. The company also operates a distribution plant in Fairborn. Stores in Springfield and Middletown closed in and , respectively. The brand became Elder-Beerman in Bon-Ton Stores, Inc. Search Query Show Search. Community Voices. About WYSO.
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