Published: Fri, April 20, 2018
Markets | By Noel Gibbs

Carson's going out of business sale starting

Carson's going out of business sale starting

Bon-Ton will provide more details about the liquidation plans and going-out-of-business sales at its stores once the bankruptcy court issues an approval of the winning bid, according to the announcement.

A joint-venture between Great American Group and Tiger Capital will acquire Bon-Ton's inventory and assets. Bon-Ton has 250 stores.

The Department of Labor, according to a current Herberger's employee, is calling Herberger's employees in North Platte to notify them of the store's closing. The stores operate under different names, including Younkers, Boston Store and Carson's.

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In February, Bon-Ton filed for Chapter 11 bankruptcy protection and announced a first round of closures. It wasn't immediately clear when the Crossroads store will close or how many people the store now employs.

There are 29 of the various stores in Wisconsin, with headquarters in Milwaukee.

On Wednesday afternoon, the 154,000-square-foot Bergner's in Champaign showed no signs of an impending liquidation sale. A Bon-Ton spokesperson did not return requests for comment.

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Local affected stores include the Younkers at Lindale Mall in Cedar Rapids and the Younkers at Coral Ridge Mall in Cedar Rapids.

Though it is hard to predict what tenants will fill the empty spaces vacated by Bon-Ton stores, Knudsen said the natural conversion is not necessarily going to be retail. While Amazon is thriving, and has even expanded into physical stores, some brick-and-mortar giants are struggling. They've seen what's going on. "Essentially liquidators have an open field".

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