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Younkers (Part
of Bon-Ton Stores) : Younkers is an American department store chain with
locations in the Midwestern United States. The chain concentrates on the
middle and upper-class segments of the market. After a hostile
takeover bid by Carson Pirie Scott was rejected in 1995, Younkers'
shareholders agreed to a friendly takeover by Proffitt's, Inc., of
Knoxville, Tennessee. The acquisition was completed in October 1996;
Proffitt's would later acquire Carson Pirie Scott, and in 1998 Proffitt's
merged with Saks Fifth Avenue to form Saks Incorporated. In 2003, Saks
closed Younkers' headquarters in Des Moines and merged its operations with
those of Carson Pirie Scott in Milwaukee, Wisconsin.
Saks sold Younkers and its other Northern Department Store Group
stores (Carson Pirie Scott, Bergner's, Boston Store, and Herberger's) to
Bon-Ton Stores in a $1.1 billion deal that was completed on March 6, 2006 Des Moines, IA Phone # (515) 244-1112
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