Younkers is closing its last two area stores

Bon-Ton Bankruptcy Auction Begins

Bon-Ton Bankruptcy Auction Begins

The stores in Coralville's Coral Ridge Mall and Lindale Mall in Cedar Rapids are among seven Younkers stores that the department store's parent company, Bon Ton, Inc., told Iowa Workforce Development (IWD) it plans to close.

Earlier this month, Bon-Ton notified state officials that it planned to begin layoffs at the Younkers store at the Empire Mall in Sioux Falls in June.

However, Reuters also reported that the auction was still in progress late Monday night.

The status of the Bergner's store at Eastland Mall, Bloomington, is unclear. Bon-Ton has eight stores across WNY from Lockport to Jamestown.

The future of Younkers stores has been in doubt since February, when Bon-Ton Stores filed for Chapter 11 bankruptcy.

One of Bon-Ton's locations is at the Eastern Hills Mall in Clarence.

Swenson says online shopping has impacted all types of retail stores and it has had an impact on Younkers as well. It takes up more than 1/4 of the mall's space, which is 77,365 square feet according to the mall's website.

The retailer has maintained a presence in Mason City for almost 74 years. The department store chain was sold first to Equitable of Iowa in 1978 and then to Saks INc.in 1996.

Younkers was founded in Keokuk, Iowa in 1856 and opened its flagship store in Des Moines in 1874. In all, those six locations employ 545 people. It was expected to be expanded after World War II. On average, equities analysts forecast that Bon-Ton Stores will post ($2.34) earnings per share for the current year.

Along with Milwaukee, Wisconsin, Bon-Ton also has corporate offices in York County.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.