While this portion of news is late, Bon-Ton (and its family of brands) has announced 42 store closures on top of six that were announced last year in an effort to avoid bankruptcy. However, a new bit of news has announced today that that plan has failed and the Bon-Ton family of stores is in Chapter 11 bankruptcy. With the latest piece of information, I've decided to take a closer look at the stores closing in the Twin Tiers coverage area and share my thoughts on the matter.
- Watertown, NY (Salmon Run Mall)
- The departure of Bon-Ton here should be concerning to the mall here. This will leave a second empty anchor space with Gander Mountain gone. (I have not seen anything to suggest that this store will or has reopened under the 'Gander Outdoors' name.) Sears is one of the remaining anchors to this mall so there's a worry as well.
- Dubois, PA
- This store is in a plaza, so it shouldn't be to hard to replace, but that would depend upon the owner's ambition and if any new retailers would be interested.
- State College, PA (Nittany Mall)
- Not looking good here. This leaves just Dunham's Sports and interestingly a Macy's store as anchors with Sears having closed up last month.
- Erie, PA (Millcreek Mall)
- While this will leave an empty anchor, I don't feel this should impact the mall here terribly. This space will be the only empty anchor.
- Selinsgrove, PA (Susquehanna Valley Mall)
- No doubt a death blow to this mall as it leaves just Boscov's as an anchor.
It's very possible that more stores could close now that they are bankruptcy though.
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