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The Bon-Ton announces Latham store closing
02 Jul '10
2 min read
The Bon-Ton Stores, Inc. announced that it will close its 65,700 square foot Bon-Ton store in the New Loudon Center in Latham, New York. The leasehold interest in the Latham location terminates September 30, 2010. The closing will impact approximately 46 associates. The closing costs for the location will not be material. The location is scheduled to close by late September 2010.
Bud Bergren, President and Chief Executive Officer, commented, “The Company continually reviews the performance of its assets; as a result of a review of the Latham location, we made the decision to close the store. We sincerely appreciate the loyalty and dedication of our associates and the support of our Latham customers. We remain committed to our customers in this community and encourage them to visit our Bon-Ton Wilton Mall store in Saratoga Springs.”
The affected associates at the Latham location will be provided an opportunity to consider available opportunities at the Bon-Ton Wilton Mall store or receive career transition benefits, including severance, according to established practices and state employment service support.
The Bon-Ton Stores, Inc. operates 278 stores, including 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 stores offer a broad assortment of brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.
Bud Bergren, President and Chief Executive Officer, commented, “The Company continually reviews the performance of its assets; as a result of a review of the Latham location, we made the decision to close the store. We sincerely appreciate the loyalty and dedication of our associates and the support of our Latham customers. We remain committed to our customers in this community and encourage them to visit our Bon-Ton Wilton Mall store in Saratoga Springs.”
The affected associates at the Latham location will be provided an opportunity to consider available opportunities at the Bon-Ton Wilton Mall store or receive career transition benefits, including severance, according to established practices and state employment service support.
The Bon-Ton Stores, Inc. operates 278 stores, including 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 stores offer a broad assortment of brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.
The Bon-Ton Stores Inc
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