Store Closing Sales Begin at 42 Select Bon-Ton Store Locations

CHICAGO, Feb. 16, 2018 /PRNewswire/ -- The Bon-Ton Stores began store closing sales on February 1 at 42 select locations as part of the Company's recently announced store rationalization program and Chapter 11 Bankruptcy filing on February 6, 2018.

The in-store sales will take place at Bon-Ton branded stores as well as other retail nameplates owned by the retailer including Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers stores in the locations listed below. More stores are expected to be added to the store closing process.

Shoppers will find significant price reductions of at least 30% - 50% off the lowest ticketed prices on brand name apparel, shoes, accessories and jewelry for women, men, juniors and children. Consumers will be able to take advantage of the tremendous savings on a full selection of merchandise in a wide range of styles and sizes.  The sale will also feature great deals across all other departments including fashion, fragrances, home goods, household items, small kitchen appliances, bed and bath products, furniture and more.  Famous designer brand labels in all departments will be on sale.

The store closing sales are being conducted by a joint venture consisting of Gordon Brothers and Hilco Merchant Resources. A spokesperson for the joint venture said, "These stores are well known in their markets for offering outstanding merchandise and retail experiences to their customers.  Given the compelling discounts and the highly desirable merchandise, we expect this will be a short sale. Consumers are encouraged to shop early for the best selection."

About The Bon-Ton Stores, Inc. The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 256 stores, which includes nine furniture galleries and four clearance centers, in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and Younkers nameplates.  The 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.  The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves.  For further information, please visit http://investors.bonton.com.

About Gordon Brothers:  Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across four continents.

About Hilco Merchant Resources, LLC:  Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer's strategic initiatives.  Hilco Merchant Resources' activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.  Additionally, HMR now includes among its subsidiaries the nation's premier fixture and equipment liquidation firm, Hilco Fixture Finders (www.hilcofixturefinders.com) as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).  Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), one of the world's leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.

***The closing locations announced today are in addition to five other recently announced store closures, four of which the Company completed at the end of January and one at which the Company will conclude its closing sale in February.

Following is the full list of closing stores: 

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SOURCE Hilco Merchant Resources, LLC