Dickinson Herberger's on bankruptcy list of stores set to close
21 April, 2018, 14:01 | Author: Sara Gill
The statement on the Bon-Ton website said that throughout the court-supervised sale of company assets, all of Bon-Ton's brands, including Herberger's, will remain open through store-closing sales.
"A joint offer of nearly $800 million by Tiger Capital Group, a unit of liquidator Great American Group and a group of Bon-Ton debt-holders was the winning bid in this week's bankruptcy auction of Bon-Ton", USA Today reported. It previously operated stores at Destiny USA in Syracuse, Great Northern Mall in Clay and ShoppingTown Mall in DeWitt.
Evans said that in the early stages of the sale the store will operate under normal hours.
Q: What can you tell me about the discounts that will be available during the going out of business closing sales?
Bon-Ton has Herberger's metro stores in Blaine, Bloomington, Edina, Roseville, St. Paul and Stillwater.
"We're all sad to see the store close".
"Herberger's is profitable; as a company they're profitable", Snitker said.
In small cities across Minnesota, Herberger's stores anchor downtown business districts and draw rural shoppers from miles around.
Adams said Bon-Ton was hit hard during the recession a decade ago and was never able to recover.
Bon-Ton is one of two area chains to declare bankruptcy in February.
The Bon-Ton Stores Inc. was operating 260 stores in 24 states, largely in the Northeast and Midwest, when it filed for bankruptcy in January.
As of Thursday, store loyalty programs have been discontinued.
The mall was owned by developer David L. Hyman of California and is now owned by the Hyman Family Trust in that state.
However, the company said some stores will be open longer and some shorter, as dictated by the sales and inventory levels.
Ferko said she plans on talking with the Chamber of Commerce and Chief Executive Palmer soon to make a plan for businesses to come into the mall. "At Southdale, the Herberger's store had already put up "Store closing" and "Everything must go" signage".
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