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Thursday, Jul 18, 2024

Great American to Liquidate Bon-Ton Stores

Liquidation firm Great American Group has partnered with Tiger Capital Group sell off the inventory of 212 locations of Bon-Ton Stores Inc. Great American is a subsidiary of B. Riley Financial Inc. in Woodland Hills. The closing stores, which include nine furniture galleries, are located in 23 states in the Northeast, Midwest and upper Great Plains regions. Stores closures began Friday and will last until the inventory is sold. Bon-Ton filed for bankruptcy in February. The chain operates stores under the brand names Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s, and Younkers. “Bon-Ton has been around for 160 years and has become a household name for many shoppers. It’s always sad to see such an iconic retailer of quality merchandise go out of business, but consumers have a rare opportunity to enjoy dramatic discounts on their favorite items,” Scott Carpenter, president of Great American’s Retail Solutions division, said in a statement.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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