Bon Ton Likely Closing These Stores in NH and MA
Another retail giant is closing it's doors for good. USA Today claims Bon-Ton Stores, the corporate parent of several department store chains, has agreed to sell its assets to a group of debt holders and liquidators.
Bon-Ton filed for Chapter 11 bankruptcy back in February, but couldn't find a way to salvage the stores. It's possible certain stores may become online-only outlets according to USA Today.
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While they refused to give a list of stores on the chopping block during yesterday's announcement, the company did provide a list back in February. At that time New Hampshire and Massachusetts stores did not appear. However, speculation is that none of the Bon-Ton brick and mortar stores will survive this round of closures.
According to CNBC, the store at 270 Loudon Rd, Concord, and the 443 East Main St, Westfield, MA will be a part of the liquidation. All in all, over 200 stores will be liquidating ...which means great sales for consumers.