Another Hudson Valley Retailer Closing
Another retailer will be liquidating all 256 of its stores.
Bon-Ton Stores, a chain of department stores filed for Chapter 11 bankupcy protection in February, but failed to find a buyer.
A bankrupcy court judge approved the liquidation on Wednesday April 18, 2018.
Bill Tracy, President and Chief Executive Officer, said:
While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve. We are incredibly grateful to all of our associates for their dedicated service to Bon-Ton and to our millions of loyal customers who we have had the pleasure to serve as their hometown store for more than 160 years
The only Bon-Ton in the Hudson Valley is located in the Newburgh Mall, which took over the space when Caldor closed many years ago.
All of the stores will remain open through the closing sales. Additional information can be found on the company's restructuring website.