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Group LLC, which are businesses that both specialize in store liquidation, from which they receive a significant profit. Later on that same day The Bon-Ton announced that the court had approved The Great
American Group LLC and Tiger Capitol Group LLC's offer for $ 775.5 million and that it would liquidate all 267 stores and convert its Chapter 11 bankruptcy to
765:
440:, the Grumbacher's store chain grew bigger, and in 1929, the company was incorporated as S. Grumbacher & Son, Inc. In 1931, Max's son, Max Samuel (M.S.), joined the company. When Max the elder died in 1933, his widow, Daisy, and their two sons, M.S. and Richard, continued the business, forming a partnership in 1936.
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On
December 18, 2017, Bon-Ton Stores revealed that after sales had fallen 6% in both the second and third quarters, it would be unable to satisfy a $ 14 million (~$ 17.1 million in 2023) interest payment due December 15. The company entered into a standard grace period with its lenders. Analysis
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CSC Generation agreed to pay $ 900,000 to acquire the Bon-Ton which includes their official branding, trademarks, websites, and database of 24.5 million unique customer records and 5.6 million email addresses. While the retailer would be focused on its digital format, there were plans to reopen some
740:
had made a substantial offer to acquire The Bon-Ton. On April 17, 2018, however, a judge decided that the company would not be allowed to pay a $ 500,000 (~$ 597,664 in 2023) "work fee", rejecting the offer. The next highest offer that day came from The Great
American Group LLC and Tiger Capital
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From 2011 through 2017, the company did not post a net profit. It also had a somewhat high degree of executive turnover. In
December 2013, Mike Nemoir, senior vice president, announced he would retire after four decades in the retail industry at Bon-Ton and its predecessor companies on March 28,
690:
In the fall of 2016, Bon-Ton launched dedicated "Close to Home" areas within 45 stores, offering carefully selected hand-picked merchandise from designers, artisans, and entrepreneurs in each market. In
February 2017, the chain announced it would expand this concept to at least 100 stores in 25
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Over the next three decades, The Bon-Ton Stores continued to expand. In 1961, M.S.'s son, M. Thomas "Tim", entered the business, representing the fourth generation of
Grumbachers. During the 1960s, the company opened new Eyerly's and Bon-Ton stores in several Pennsylvania communities and one in
772:
On August 31, 2018, The Bon-Ton Stores, Inc.-owned retail websites were updated with "Stay Tuned" messages, indicating that the company's respective brands would relaunch; the liquidator stated that the company was being acquired. On
September 6, 2018, it was reported that the purchaser was
628:. The corporate headquarters remained in York, Pennsylvania, but the merchandising headquarters was relocated to Milwaukee. As with the Elder-Beerman acquisition, no store names were changed in the transaction. The newly acquired store group included Carson Pirie Scott, later branded as
687:
2014. In May 2017, Tim
Grumbacher retired after 50 years on the board of directors, and more than 25 as its chairman. He was Bon-Ton's CEO from 1985 to 1995 and held other senior management positions. Grumbacher's wife and fellow board member, Debra Simon, was elected to succeed him.
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On
September 10, 2018, the federal bankruptcy judge approved the sale to CSC Generation; on September 14, the new owner relaunched for all of its department store brands. In addition to apparel and home goods, they also sold televisions and major kitchen appliances.
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The Bon-Ton initially retained and operated Hess's flagship location until 1996, when it closed after nearly 100 years of continuous operation. The site was eventually demolished. Its
Allentown store, Hess's former south Allentown location, was the anchor of the
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The Bon-Ton Stores chain doubled in size in November 2005 with the $ 1.1 billion (~$ 1.65 billion in 2023) purchase of the 142 stores of Saks' Northern Department Store Group, headquartered in downtown
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During the 1980s, the retail department store industry rapidly consolidated as major chains bought their competitors. The Bon-Ton Stores began the decade by opening more stores, establishing a new division,
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In late January 2018, The Bon-Ton announced a decision to optimize its brick-and-mortar format by shuttering 42 stores in 14 states, in addition to five stores previously announced.
488:. When Tim Grumbacher was made CEO in 1985, the company operated 18 stores in four states. Two years later, the company made a major move, buying the 11-store Pomeroy's chain from
476:. In 1969, they retired McMeen's name. During the 1970s, as the popularity of shopping centers began to grow, The Bon-Ton opened 11 new stores in Pennsylvania and West Virginia.
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On November 25, 2003, Bon-Ton reported a net loss in the third quarter of $ 1.7 million, or $ 0.11 per share, including an asset impairment charge of $ 0.10 per share.
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store chain. Following an attempt to convert to a privately held company, Elder-Beerman was offered more cash for its outstanding stock as part of the buyout.
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Subsequently, in early 2021, CSC Generation sold Bon-Ton to New York-based BrandX.com, Inc in a private sale. According to a May 2022 article on
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On August 30, Great America Group said all Pennsylvania locations were officially closed, and buildings would be vacated by the next day.
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downgraded the company into selective default, and predicted an out-of-court restructuring or a bankruptcy filing after the grace period.
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This article is about the defunct department store chain and group, and the online retailer now using its brand name. For other uses, see
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468:. These early moves set Bon-Ton's policy of growing into adjacent areas by opening new stores and acquiring existing businesses.
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location. In March 1995, The Bon-Ton closed the landmark downtown Lancaster store. Later that year, they closed the downtown
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The Bon-Ton was founded in 1898, when Max Grumbacher and his father, Samuel, opened S. Grumbacher & Son, a one-room
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527:-based family-operated department store, Mailman's, from Stanley Mailman, which converted to a Bon-Ton location.
1156:"The Bon-Ton Stores, Inc. Expands Successful 'Close to Home' Initiative With Launch Of New Online Sourcing Fair"
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https://www.bizjournals.com/milwaukee/news/2018/04/18/the-end-of-bon-ton-how-did-the-company-get-here.html
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In October 2003, The Bon-Ton expanded its reach into Ohio and the lower Midwest by acquiring the 68-store
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1229:"The Bon-Ton Stores, Inc. Announces Locations of Store Closures as Part of Store Rationalization Program"
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456:, the Grumbacher family expanded operations even further. In 1946, an additional Bon-Ton was opened, in
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on October 31, 1902, the store chain had two additional locations under the name "Bon-Ton Millinery" in
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248:, which sold it to BrandX.com in 2021, operating an e-commerce site under the brand name. Along with
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671:, outside Belk's traditional operating territory. The stores in Indiana and Ohio soon became
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1565:"Bon-Ton buyer paying $ 900,000 for retailer's name, websites and data, court record shows"
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818:, BrandX will relaunch Bon-Ton and open a brick-and-mortar format Carson's in Illinois.
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USA successfully bid $ 312,900 for data on Bon-Ton's cosmetics and fragrance customers.
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In September 2022, The Bon-Ton relaunched as the first brand relaunch by BrandX.com.
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492:. That purchase allowed the company to move into seven new markets in Pennsylvania.
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physical stores in several states. However, only one such store was rolled out, in
745:. They acquired the inventory and other assets of the company and sold it all off.
581:. The following spring, the company opened a fourth Rochester location in a former
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460:. Two years later, the company moved outside Pennsylvania, acquiring Eyerly's in
244:-based company BonTon filed for bankruptcy in February 2018 and sold the name to
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Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares
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1370:"Boston Store name, other Bon-Ton brands, could return under different owner"
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1398:"Online message hints Bon-Ton stores, including Younkers, may come back"
679:, respectively. The three Michigan stores continued to be positioned as
857:"For Bon-Ton, founded in 19th century York County, an uncertain future"
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315: in this section. Unsourced material may be challenged and removed.
443:
The Bon-Ton was a popular store destination on the classic radio show
1424:"Buyer of Herberger's and other Bon-Ton brands lays out revival plan"
1288:"A Bon-Ton liquidation jeopardizes US mall owners already in trouble"
974:"Saks sells group of 142 stores to Bon-Ton for $ 1.1 billion in cash"
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1480:"Merrillville-based Carson's closed its only brick-and-mortar store"
1204:"Bon-Ton misses $ 14M interest payment, restructuring could follow"
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1499:
Pilarski, Karen; Daykin, Tom; Jones, Charisse (August 31, 2018).
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protection with the likelihood of satisfying its long-term debt.
659:, which had just purchased the chain; the stores were located in
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1231:(Press release). The Bon-Ton. January 31, 2018. Archived from
932:"Company News; Bon-Ton Acquires Chain of 68 Department Stores"
284:
1501:"Bankrupt Bon-Ton Stores Inc. may be revived and reinvented"
1314:"Liquidators to wind down US department store chain Bon-Ton"
1127:"Bon-Ton chairman Tim Grumbacher retires, wife succeeds him"
960:"The Bon-Ton Stores, Inc. Announces Third Quarter Results"
1683:
1452:"Carson's reopening Evergreen Park store on Black Friday"
1533:"Indiana company will attempt to revive Bon-Ton Stores"
1028:"What ever happened to the Parisian Department Stores?"
1832:
Companies that filed for Chapter 11 bankruptcy in 2018
992:"Downtown Parisian to become Carson Pirie Scott store"
523:
space. In the late 1980s, the company also acquired a
511:. The company continued to expand its presence in the
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Companies that filed for Chapter 7 bankruptcy in 2018
1178:"Credit Analytics Case Study: The Bon-Ton Stores Inc"
530:
In July 1994, The Bon-Ton purchased the 127-year-old
1597:"Bon-Ton launches new websites, is back in business"
725:
In February 2018, The Bon-Ton Stores Inc. filed for
218:
1342:"Say goodbye to Bon-Ton: Pa. stores are now closed"
831:
List of retailers affected by the retail apocalypse
593:location. 1998's expansion included a new store in
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1842:Companies that have filed for Chapter 7 bankruptcy
1531:Jones, Charisse; Gores, Paul (September 5, 2018).
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1256:"Retailer Bon-Ton files for Chapter 11 bankruptcy"
597:, making it The Bon-Ton Stores' first presence in
789:firms, which owns the membership buying service
1852:Defunct department stores based in Pennsylvania
683:until 2013, when they became Carson's stores.
651:In September 2006, The Bon-Ton purchased four
1704:
1654:"BrandX to Relaunch Bon-Ton, Carson's Stores"
907:"How Bon-Ton came to the brink of bankruptcy"
503:, market in 1992 with the acquisition of two
495:In 1991, The Bon-Ton acquired J.W. Rhodes in
8:
240:chain and group founded in 1898. The former
28:
515:in 1993 with a store in the Wilton Mall in
1847:Defunct department stores based in Indiana
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1158:(Press release). Bon-Ton. February 7, 2017
655:stores (plus one under construction) from
27:
1877:Privately held companies based in Indiana
429:connoting the "elite" or "high society".
331:Learn how and when to remove this message
732:On April 9, 2018, it was announced that
484:, and acquiring L S Good, including its
347:and dry goods store on Market Street in
1857:Economy of the Midwestern United States
1093:Palmieri, Jean E. (December 19, 2013).
847:
464:, and, in 1957, purchasing McMeen's in
1827:American companies established in 1898
1872:Online retailers of the United States
7:
1882:Retail companies established in 1898
1478:Pete, Joseph S. (October 10, 2020).
1450:Zumbach, Lauren (October 29, 2018).
1202:Unglesbee, Ben (December 20, 2017).
507:locations in downtown Lancaster and
425:. The name "Bon-Ton" was drawn from
313:adding citations to reliable sources
1822:1898 establishments in Pennsylvania
708:Lower Paxton Township, Pennsylvania
532:Adam, Meldrum, and Anderson Company
1595:Gores, Paul (September 14, 2018).
768:The Bon-Ton logo from 2015 to 2022
14:
1563:Gores, Paul (September 6, 2018).
1095:"Bon-Ton's Mike Nemoir to Retire"
1004:. January 9, 2007. Archived from
565:In 1995, The Bon-Ton entered the
449:, which aired from 1935 to 1959.
1652:Palmer, Jean E. (May 23, 2022).
1286:Lauren Thomas (April 17, 2018).
1059:. April 30, 2018. Archived from
760:The Bon-Ton logo used until 2015
369:Salisbury Township, Pennsylvania
363:The former Bon-Ton store at the
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34:
1892:Defunct department store groups
1339:Ruland, Sam (August 30, 2018).
1135:American City Business Journals
1125:Lawder, Melanie (May 8, 2017).
785:backed by Chinese and American
710:, during its final Bon-Ton sale
577:space (originally Iszard's) in
300:needs additional citations for
1367:Lesk, Sari (August 31, 2018).
1:
382:The former Bon-Ton store at
371:, which originally had been
123:(as S. Grumbacher & Son)
114:; 126 years ago
573:locations, and in a former
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1602:Milwaukee Journal Sentinel
1570:Milwaukee Journal Sentinel
1538:Milwaukee Journal Sentinel
1506:Milwaukee Journal Sentinel
1485:Times of Northwest Indiana
1376:Milwaukee Business Journal
1131:Milwaukee Business Journal
695:Bankruptcy and liquidation
513:New York metropolitan area
499:. The Bon-Ton entered the
486:Fowler's department stores
18:
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962:(Press release). Bon-Ton.
395:Carlisle Evening Sentinel
177:BrandX.com (2021–present)
159:(President, 2021–present)
33:
1887:Re-established companies
1183:. S&P Global Insight
1105:Penske Media Corporation
1002:Dispatch Broadcast Group
799:Evergreen Park, Illinois
595:Westfield, Massachusetts
490:Allied Department Stores
16:American online retailer
1057:Milwaukee Business News
569:market in three former
552:Allentown, Pennsylvania
501:Lancaster, Pennsylvania
466:Lewistown, Pennsylvania
1053:"Bon-Ton to liquidate"
980:on September 21, 2013.
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734:Washington Prime Group
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446:Fibber McGee and Molly
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1867:Merrillville, Indiana
1628:"Bon-Ton Closed Deal"
775:Merrillville, Indiana
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727:Chapter 11 bankruptcy
717:Standard & Poor's
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458:Hanover, Pennsylvania
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29:Bonton Holdings, Inc.
940:. September 17, 2003
855:D'Innocenzio, Anne.
462:Hagerstown, Maryland
309:improve this article
230:Bonton Holdings Inc.
1404:. September 1, 2018
1235:on February 3, 2018
882:"Bon Ton For Laces"
738:Namdar Realty Group
567:Rochester, New York
399:Trenton, New Jersey
393:As reported in the
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1791:Stone & Thomas
1771:Mabley & Carew
1659:Women's Wear Daily
1100:Women's Wear Daily
937:The New York Times
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704:Colonial Park Mall
673:Carson Pirie Scott
544:Syracuse, New York
525:York, Pennsylvania
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521:Addis & Dey's
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79:Expert Market
76:(1991–2017) (
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1741:Boston Store
1719:
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1600:
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1580:September 8,
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1429:Star Tribune
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1233:the original
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1120:
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1061:the original
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1031:
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1006:the original
995:
986:
978:the original
968:
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944:November 29,
942:. Retrieved
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886:www.rusc.com
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638:Boston Store
618:
615:
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605:21st century
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478:
470:
454:World War II
451:
444:
442:
431:
403:Pennsylvania
394:
392:
373:Hess's South
355:20th century
342:
327:
318:
307:Please help
302:verification
299:
281:19th century
254:Boston Store
233:
229:
228:
192:Boston Store
183:Subsidiaries
141:Headquarters
70:Company type
25:
1766:Herberger's
1720:The Bon-Ton
1463:January 16,
1271:February 5,
1261:MarketWatch
1208:Retail Dive
916:December 9,
911:Retail Dive
891:December 9,
866:December 9,
642:Herberger's
599:New England
434:World War I
405:locations:
401:, and five
266:Herberger's
204:Herberger's
61:The Bon-Ton
1816:Categories
1756:Chappell's
1731:AM&A's
1637:January 5,
1435:October 1,
1352:August 30,
1213:August 22,
1187:August 22,
842:References
591:AM&A's
587:Kaufmann's
560:South Mall
540:Chappell's
452:Following
365:South Mall
153:Key people
48:Trade name
1736:Bergner's
1324:April 18,
1298:April 18,
1266:News Corp
1140:April 19,
1032:TripSavvy
791:DirectBuy
743:Chapter 7
706:store in
634:Bergner's
626:Wisconsin
622:Milwaukee
575:McCurdy's
571:McCurdy's
482:Maxwell's
411:Lancaster
345:millinery
250:Bergner's
188:Bergner's
1801:Younkers
1786:Prange's
1781:Parisian
1751:Carson's
1746:Brandeis
1239:April 4,
1162:June 28,
1067:July 13,
1037:April 4,
1012:April 4,
825:See also
752:Relaunch
691:states.
681:Parisian
661:Michigan
653:Parisian
646:Younkers
630:Carson's
583:Sibley's
436:and the
432:Through
407:Carlisle
270:Younkers
258:Carson's
208:Younkers
196:Carson's
165:Products
131:Founders
96:Industry
58:Formerly
1665:May 24,
803:L'Oréal
777:-based
665:Indiana
419:Altoona
415:Lebanon
276:History
214:Website
117: (
106:Founded
89:Private
82::
65:Bon Ton
63:Bon-Ton
21:Bon Ton
1862:Hess's
667:, and
644:, and
548:Hess's
546:, and
421:, and
268:, and
234:Bonton
219:bonton
147:, U.S.
100:Retail
74:Public
53:Bonton
1181:(PDF)
715:from
173:Owner
84:BONTQ
1776:Meis
1667:2022
1639:2022
1614:2018
1582:2018
1550:2018
1518:2018
1465:2019
1437:2018
1410:2018
1402:WGBA
1384:2018
1354:2018
1326:2018
1318:CNBC
1300:2018
1292:CNBC
1273:2018
1241:2018
1215:2018
1189:2018
1164:2018
1142:2018
1112:2013
1069:2018
1039:2018
1014:2018
997:WTHR
946:2023
918:2023
893:2023
868:2023
781:, a
736:and
675:and
669:Ohio
657:Belk
221:.com
119:1898
112:1898
815:WWD
550:of
542:of
386:in
367:in
311:by
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