The Bon-Ton acquired the leasehold interests in the River Oaks Mall store as part of the Northern Department Store Group acquisition in 2006. The Company does not expect costs associated with the closing of the location to be material. The store will close at the end of its lease term.
Brendan Hoffman, President and Chief Executive Officer, commented, “The Company continually reviews the performance of its assets; as a result of these reviews, we made the decision to close the River Oaks location. Our Calumet City customers are invited to shop with us at our remaining Carson’s stores in the area as we will continue to provide great service and an outstanding merchandise assortment. We are very grateful for the devoted River Oaks store associates and are committed to providing assistance to these associates.”
The affected associates in the River Oaks location will be offered the opportunity to interview for available positions at other Carson’s stores or receive career transition benefits, including severance, according to established practices and state employment service support.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 272 department stores, which includes 11 furniture galleries, in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers nameplates and, in the Detroit, Michigan area, under the Parisian nameplate. The department stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.
Bon-Ton Stores Inc
Apparel/Garments | On 21st Oct 2016
Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...
Textiles | On 21st Oct 2016
The value of textile and garment exports made by Pakistan decreased...
Textiles | On 21st Oct 2016
The fifth ITMA ASIA + CITME 2016 exhibition opened today in Shanghai, ...
Ozone PB Spintex Limited
‘We have made huge investments to ensure quality yarn production.’
Very few machinery manufacturers have R&D units
Bridalwear is not about reds and whites anymore
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
"We should not compare India and the West. There are things we do that...
"You have to truly understand what your client wants, know her needs, what ...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...