OMAHA, Neb. (AP) - Court filings show that all the Younkers and Herberger’s stores in Nebraska and Iowa will be closed as part of their corporate owner’s sale to liquidators.
On Wednesday a judge approved the sale of Bon-Ton Stores Inc. to a joint venture of two liquidation firms and a group of company bondholders. Court records show the liquidation sales must be completed by Aug. 31.
Bon-Ton was operating 260 stores in 24 states, largely in the Northeast and Midwest, when it filed for bankruptcy in January. Analysts say that the 160-year-old company, like several other brick-and-mortar retailers in recent years, couldn’t survive the shift toward e-commerce.
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