Two liquidation companies win auction for Bon-Ton Stores

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Court records say all stores are set to be closed no later than August 31. Bon-Ton has 250 stores.

The move impacts several local employees, who learned of the closure on Tuesday.

Bon-Ton Stores, Inc. announced in a release today that the company's going out of business sales will begin tomorrow in 212 stores and e-commerce websites.

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The company stated that it will reveal further details about the liquidation plans and going out of business at its stores, once the Bankruptcy Court approves the winning bid.

More recently, the company also received a letter of intent and not a formal bid from an investor group of two mall owners and a NY investment firm including Namdar Realty Group, Washington Prime Group and hedge fund DW Partners.

Locally, sales will start Friday at Bon-Ton stores located at South Mall in Salisbury Township; Westgate Mall in Bethlehem; Palmer Park Mall in Palmer Township; and Richland Plaza outside Quakertown.

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The sales will run for 10-12 weeks in stores and online.

The company, which also operates stores under the names Carson's, Herberger's, Bergner's and Boston Store, filed for Chapter 11 bankruptcy in February.

"We will continue to serve you and service your account until your balance is paid in full", the site said.

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