The Bon-Ton Stores, Inc. to close its Elder-Beerman store in Towne Mall in Franklin, Ohio

MILWAUKEE, WI, 2016-Nov-03 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), today (November 2, 2016) announced it will close its Elder-Beerman store in Towne Mall in Franklin, Ohio. The company will not renew the lease, which terminates January 31, 2017. The closing will impact approximately 65 associates at this location. The store will remain open until the end of its lease term.

“Closing this store was a difficult decision,” commented Kathryn Bufano, president and chief executive officer for The Bon-Ton Stores, Inc. “We would like to thank the loyal customers who have shopped with Elder-Beerman over the years as well as our devoted store associates for their dedication and friendly customer service to this community.”

The affected associates in the Towne Mall Elder-Beerman location will be offered the opportunity to interview for available positions at stores in the area or receive career transition benefits, including severance, according to established practices and state employment service support.

Customers are invited to shop at the nearby Elder-Beerman locations at the Dayton Mall or Kettering Towne Center in Dayton, Ohio or The Mall at Fairfield Commons in Beavercreek, Ohio. Customers may also visit the company’s website at elder-beerman.com.

About The Bon-Ton Stores, Inc.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 267 stores, which includes 9 furniture galleries and five clearance centers, in 26 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Boston Store, Bergner’s, Carson’s, ElderBeerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.

MEDIA CONTACT:

Christine Hojnacki
414-347-5329
christine.hojnacki@bonton.com

Source: The Bon-Ton Stores, Inc.

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