Younkers is closing its last two area stores

Younkers is closing its last two area stores

Bon-Ton filed for bankruptcy in February shortly after it announced the closure of more than 40 stores.

Younkers has had a presence in the Siouxland market since 1947 when it acquired Davidson Brothers Co., a regional chain that once boasted locations in Le Mars and Sioux Falls in addition to its Sioux City flagship store. Liquidators are companies that sell off all of retailers assets and then close the stores.

Bon-Ton had been working with a group of investors including two mall developers on a going-concern bid.

However, Reuters also reported that the auction was still in progress late Monday night.

WQAD has left voicemail and email messages with Bon-Ton's corporate spokesperson inquiring about the future of the Davenport and Moline stores.

The Younkers brothers opened their first store - a general store in Keokuk - in 1862. The group was not among the bidders at Monday's auction, according to Reuters' reporting.

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A group of second lien bondholders had objected to Bon-Ton's request to pay the fee.

Milwaukee, Wis. -based Bon-Ton Boston Store is going through bankruptcy proceedings, though the hope was that the company would survive.

If a liquidator wins the bidding, and the deal is approved by the court, it will likely begin selling inventory, store leases, fixtures and intellectual property, Reuters said.

Additionally, this loss will leave 84 people unemployed, according to a WARN act notice Bon-Ton sent Iowa officials on April 5.

The company has two large stores in southeastern Minnesota, including Herberger's in Rochester's Apache Mall and Younkers in Austin's Oak Park Mall.

Sports Authority Holdings Inc., apparel chain The Limited Stores LLC and electronics seller hhgregg Inc. are among the chains that have gone out of business recently.

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