Bids for Bon-Ton Stores, Inc. auction were from liquidators, reports say
Bon-Ton Stores, Inc. is likely going out of business, according to a report by Reuters.
Two sources familiar with the matter told Reuters that the only bidders who competed at the court-supervised auction on Monday were liquidators.
Reuters’ report comes after Bon-Ton notified the Pennsylvania Department of Labor & Industry of potential job losses, which would affect the corporate office in York County.
The notification states that 332 employees at 2801 East Market Street, Building E in York (the corporate office) could be affected.
The potentially affected Bon-Ton stores are below:
- Bon-Ton at 600 Park City Center in Lancaster (Lancaster County)
- Bon-Ton at 3585 S. Church St. in Whitehall (Lehigh County)
- Bon-Ton at 2524 Schoenersville Road in Bethlehem (Northampton County)
Between the corporate office in York and the three Bon-Ton stores, a total of 656 employees could be affected if the stores were to officially close.
The latest release from Bon-Ton — on April 9 — signaled that the department store chain had been working with U.S. mall owners Namdar Realty Group and Washington Prime Group Inc. to secure a bid that would have kept a large portion of Bon-Ton locations open.
A spokesperson for Bon-Ton did not immediately respond to a request for comment.