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Younkers owner Bon-Ton heads to liquidation, sources say


Reuters: Bon-Ton Stores Inc., the bankrupt owner of Younkers and other regional department stores, will go out of business after the only bidders competing at the Monday start of its court-supervised auction were liquidators, two sources familiar with the matter told Reuters. Bon-Ton had been working with U.S. mall owners Namdar Realty Group and Washington Prime Group Inc. to secure a bid that would have kept open a large portion of Bon-Ton locations. Meanwhile, KCCI reported Iowa Workforce Development documents indicate seven Iowa Younkers stores, including Jordan Creek and Merle Hay mall sites, plan to close.

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