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Struggling Bon-Ton Stores Inc. reveals turnaround plans
01 February 2018, 12:33 | Lionel James
The Bon Ton store at the Colonial Park Mall will remain open. Eight other Bon Ton stores in Pennsylvania will close
Bon-Ton announced Wednesday it is closing 42 stores nationwide.
"We remain focused on executing our key initiatives to drive improved performance in an effort to strengthen our capital structure to support the business going forward", said Bon-Ton president and CEO Bill Tracy in a statement Wednesday.
Tracy said a total of 47 stores will close in early 2018.
The store closings include the Bon-Ton store in the Salmon Mall in Watertown, according to The Bon-Ton. Employees at the store will be able to interview for positions at other locations, but layoffs are expected, company officials said. The Bon-Ton released the full list today.
It is among the locations that will be closed as part of The Bon-Ton's store rationalization announced in November.
Later, Bon-Ton, which has headquarters in York, Pa., and Milwaukee, operated a Elder-Beerman at the location before changing its nameplate to Carson's, a more recognizable name, in July 2011.
There's no word from the mall who may take Bon-Ton's place. The list included nine Wisconsin stores, but not Boston Store at Regency Mall.
Department stores located in shopping malls _ as most Bon-Ton stores are _ have been hit particularly hard by the growth of online retailers such as Amazon.com and the trend of declining visits to malls by consumers.
The Herberger's outlet opened in 2014 in the Birch Run Station strip mall selling many items at 70 percent off the regular retail price.
"If this closes, I'm afraid it will go down", Pierce said. She did not immediately provide a store-by-store breakdown.
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