Bon-Ton Stores History & Historical Profile

Historical Record

In September 2018, its new owner began operating as an online retailer headquartered in Merrillville, Indiana, with plans to open brick and mortar locations. Other brands operated by The Bon-Ton are Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers.

On August 31, 2018, The Bon-Ton Stores, Inc.-owned retail websites were updated with "Stay Tuned" messages, indicating that the company's respective brands would come back in some form; the liquidator stated that the company's intellectual property was being sold. On September 6, 2018, it was reported that the purchaser was Merrillville, Indiana-based CSC Generation, a holding company backed by Chinese and American venture capital firms, which owns the membership buying service DirectBuy. CSC Generation agreed to pay $900,000 for Bon-Ton's database of 24.5 million unique customer records and 5.6 million email addresses, as well as its trademarks and websites.

Bon-Ton Stores filed for Chapter 11 in February 2018 . It was later determined that they would be closing the stores. Great American Group and Tiger Capital Group acquired Bon-Ton's assets through a court-supervised bankruptcy auction in April. Court records filed earlier this year indicated that liquidation sales would run through Aug. 31, 2018. Individual stores' closing dates vary depending on how much merchandise remains. Bon-Ton employed more than 700 workers at its corporate offices on Wisconsin Avenue, where it also ran a store under the Boston Store nameplate. In other parts of the state and country, the chain operated around 200 stores under banners such as Younkers, Herberger's, Carson's, Bon-Ton and Elder-Beerman.

On September 10, 2018 , the federal bankruptcy judge approved the sale to CSC Generation ; on September 14, the new owner re-launched websites for all of its department store brands. On September 6, 2018 , it was reported that the purchaser was Merrillville, Indiana-based CSC Generation , a holding company backed by Chinese and American venture capital firms, which owns the membership buying service DirectBuy. CSC Generation agreed to pay $900,000 for Bon-Ton's database of 24.5 million unique customer records and 5.6 million email addresses, as well as its trademarks and websites. On April 17, 2018 , The Bon-Ton announced it would liquidate all 267 stores after The Great American Group LLC and Tiger Capitol Group LLC bid $775.5 million for the retailer and converting its Chapter 11 bankruptcy to Chapter 7. In February 2018 , The Bon-Ton Stores Inc. filed for Chapter 11 bankruptcy protection. On May 5, 2017 , Bon-Ton Stores was informed its common stock was no longer in compliance with NASDAQ listing requirements, and the stock was de-listed from the exchange on December 6 and became listed in OTC Pink. In November 2017, the company announced a store closure program, stating 40 to 45 stores would close after the holiday season.

Bon-Ton Stores Inc. 2801 East Market Street York, PA 17402 Phone: 717-757-7660

August 2014 Update : operates 272 stores, which includes 10 furniture galleries, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers nameplates (store count as of Aug 2014).

October 2013 Summary: The Bon-Ton Stores, Inc., through its subsidiaries, operates department stores in the United States. Its stores offer brand-name fashion apparel and accessories for women, men, and children, as well as cosmetics, home furnishings, footwear, and other goods. As of May 7, 2013, the company operated 271 department stores comprising 11 furniture galleries in 24 states in the Northeast, Midwest, and upper Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers names. The Bon-Ton Stores, Inc. was founded in 1898 and is headquartered in York, Pennsylvania.