CONCORD — The Bon-Ton Stores Inc. is restructuring and has decided to close 42 stores, in 14 states, beginning this month, according to a press release by the company, including two in New Hampshire.
In an announcement Wednesday, Bill Tracy, president and chief executive officer for The Bon-Ton Stores said, "As part of the comprehensive turnaround plan we announced in November, we are taking the next steps in our efforts to move forward with a more productive store footprint."
Wisconsin (9), Pennsylvania (8), and Illinois (7) will lose the most stores during this closure.
Both the Men's & Home store and the Fashion & Women's store at the Steeplegate Mall in Concord are slated to close.
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The good news about store closings? Deep discounts. The store closing sales are scheduled to begin Thursday and run for approximately 10-12 weeks.
According to the release, store employees at these locations will be offered opportunities to interview for other available positions at other locations.
In recent years, The Steeplegate Mall has had its share of financial struggles as several stores have packed up and left. Old Navy left in early 2016, and with the departure of Bon-Ton, leaves Sears and J.C. Penney as the only two anchor stores in the mall.
The Steeplegate Mall was sold to a New York retail property firm in 2016 for $10.3 million. It was made at a fraction of the price tag the 480,000-square-foot-facility carried in years past.
The Associated Press contributed to this report.