Herberger's stores across Montana set to close as part of liquidation process

Herberger's stores across Montana set to close as part of liquidation process

Herberger's stores across Montana set to close as part of liquidation process

Going-out-of-business sales started Friday at all Bon-Ton Stores locations, including the Younkers store at Gateway Mall in Lincoln and eight other company locations in Nebraska.

The liquidation sales are expected to run about 10 to 12 weeks and all the stores are expected to be shuttered no later than August 31, according to court papers.

The Bon-Ton Stores shown below are scheduled to close by late summer.

On Wednesday a U.S. Bankruptcy Court for the District of DE approved an agreement between the company and a joint venture.

The company said sale purchases can be made at its stores and on its e-commerce and mobile platforms.

The same 10-day deadline holds true for consumers who have store credits, return credits or similar merchandise credits.

A bankruptcy judge approved Bon-Ton's liquidation plan on Wednesday.

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The victor of the auction was a joint venture between noteholders, Great American Group LLC, and Tiger Capital Group, LLC - two firms known for liquidating businesses.

According to a release from Bon-Ton, the company's rewards program has been discontinued. Store credit card holders were notified Thursday that the cards could no longer be used for purchases.

Bon-Ton said merchandise credits, gift cards and gift certificates will be honored through April 29.

The owner of Herberger's will close all six Montana stores and liquidate its assets as part of a bankruptcy process set to begin this week. Its headquarters are in York, Pa., and Milwaukee. It previously operated stores at Destiny USA in Syracuse, Great Northern Mall in Clay and ShoppingTown Mall in DeWitt.

The Bay City Town Center had been gaining momentum with the opening of a new Younkers Home store in November 2016 after Target and Sears left the shopping center in 2015. In western NY, it operates six stores in the Buffalo and Niagara Falls area, and one each in Lakewood and Olean. At the conclusion of the sale, the filing states, each store must be left in "broom clean" condition - simultaneously kicking off a scramble from the area's secondary malls to fill massive vacancies at their properties.

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