Going-out-of-business sales at The Bon-Ton start this week

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In addition to Boston Store and Younkers, Bon-Ton operates department stores in the US under the brand names Bergner's, Bon-Ton, Carson's, Elder-Beerman and Herberger's.

Bon Ton, the company that owns the retail chain, is liquidating and shutting down 200 stores across the nation.

Bon-Ton operates 17 stores across Iowa, including Younkers locations in Des Moines, Davenport, Dubuque, Marshalltown and Waterloo and a Herberger's in Ottumwa.

The Department of Labor, according to a current Herberger's employee, is calling Herberger's employees in North Platte to notify them of the store's closing.

Wednesday, a bankruptcy court approved Bon-Ton's sale of all assets and a plan to wind down company operations.

A group of investors that included mall owners Namdar Realty Group and Washington Prime Group had signed a letter of intent to bid for the stores and keep them open.

Bon-Ton had already announced in January that that store would be closing, along with more than 40 others.

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Stock in Bon-Ton has been low for months.

Bon-Ton filed for bankruptcy February 4.

A complete list of Bon-Ton stores can be found at this link.

A joint venture of holders of the company's second lien secured notes due 2021 and Great American Group and Tiger Capital Group will acquire Bon-Ton's inventory and "certain other assets", the statement said.

As she was entering the store, Liz White, of Loda, said she'd be disappointed to see it close.

Stores are to be closed by August 31 at the latest, according to court documents, which also stated coupons are no longer accepted.

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