Judge approves Younkers liquidation; stores to close by August 31

Judge approves Younkers liquidation; stores to close by August 31

Bon-Ton's liquidators also have agreed to accept returns of items that were purchased before the bankruptcy sale started, but only for the first 10 days of the going-out-of-business sale.

The closures will affect the Younkers at Crossroads Center. Customers may be wondering what happens to credit accounts if the store closes. An exact closing date hasn't been announced yet.

Bon-Ton Stores, which operates over 250 Herberger's and Younkers Department stores across the US, including a Herberger's store in New Ulm, announced Tuesday they are bankrupt and all stores are expected to close within the next few month.

Bon-Ton Stores president and CEO Bill Tracy said: "While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve".

The company will dispose of all its inventory and assets and conduct "an orderly wind-down of its operations", the company said on its website.

US Bancorp (USB) Price Target Lowered to $57.00 at Morgan Stanley
It increased, as 38 investors sold USB shares while 462 reduced holdings. 118 funds amassed positions and 361 increased positions. The Great West Life Assurance Company holds 1.67 million shares with $89.33 million value, down from 1.74M last quarter.

The Bon-Ton Stores has a strong presence in Wisconsin, where it operates nine stores and employs 2,255 people who will lose their jobs. The stores operate under different names, including Younkers, Boston Store and Carson's.

Younkers was founded by three brothers as a general store in Keokuk in 1856. Bon-Ton acquired Younkers in 2006. They've seen what's going on.

But the potential bid suffered a setback as the US Bankruptcy Court judge handling the case said Bon-Ton couldn't pay $500,000 in due diligence and other fees for the mall owners and investment firm, Journal Sentinel reported.

Another bidder looking to run the company and keep stores open could have stepped in only if the judge denied the sale to the liquidators whose bids ultimately were approved, said Patrick Patino, an attorney specializing in bankruptcies at Omaha's Koenig Dunne law firm.


  • Queen Elizabeth II 'Hit Hard' By The Passing Of Her Last Corgi!

    Queen Elizabeth II 'Hit Hard' By The Passing Of Her Last Corgi!

    Apart from her particularity regarding protocol and Royal traditions, Queen Elizabeth's love for dogs is known to nearly everyone. Willow , whose death marks the end of an era, was put to rest at Windsor Castle, after succumbing to a cancer-related illness.

    Bristol (BMY) Stake Held by Clifford Swan Investment Counsel Llc

    Looking at some alternate time periods, the 12 month price index is 1.01278, the 24 month is 0.80424, and the 36 month is 0.86426. Bristol-Myers Squibb Company discovers, develops, licenses, makes, markets, and distributes biopharmaceutical products worldwide.
    InFocus Vision 3 Pro smartphone launched in India: Price and features

    InFocus Vision 3 Pro smartphone launched in India: Price and features

    InFocus Mobiles is growing its product portfolio in India by adding a new budget smartphone called the InFocus Vision 3 Pro . Though we didn't have enough time to spend with the device, still we were able to find few lags, delay and freezing issues.
  • Ryan hangs on as Brighton hold Spurs

    Ryan hangs on as Brighton hold Spurs

    This team and club deserves a trophy for all the work we've put in, and we hope Saturday can be the next step. We need to be focused and try to win every single game if we want to do something important".
    Cardi B Shows Ellen DeGeneres How She Got Pregnant

    Cardi B Shows Ellen DeGeneres How She Got Pregnant

    Rappers Offset of Migos and Cardi B are expecting a baby in two months and the "Bodak Yellow" rapper revealed Offset has already picked the name.

    Top Volume Shares NIKE, Inc.'s (NKE)

    YTD calculations are commonly used by investors and analysts in the assessment of portfolio performance due to their simplicity. Analysts Target Price: Wall Street analysts that cover the Chevron Corporation (CVX) assigned mean target price of $135.88.
  • $10000 reward offered for information about missing explosives

    $10000 reward offered for information about missing explosives

    ATF is offering a $10,000 reward for any information leading to the explosives themselves or to the arrest of the thieves. The ATF also said the amount of stolen materials was 704 pounds, rather than 600 pounds initially announced Tuesday.

    Time Warner (TWX) Downgraded to Hold at Pivotal Research

    Mai Wealth Advisors decreased Spdr S&P Dividend Etf (SDY) stake by 4,897 shares to 254,057 valued at $24.00 million in 2017Q4. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. (NASDAQ:CONE).

    Agree Realty Corporation (ADC) Analysts See $0.71 EPS as of April, 23

    Moreover, Tower Rech Capital Limited Liability Company (Trc) has 0.01% invested in CoreSite Realty Corporation (NYSE:COR). On Tuesday, January 9 MUFG Securities Americas Inc initiated CoreSite Realty Corporation (NYSE:COR) with "Buy" rating.
  • CVS Health (CVS) Shares Bought by First City Capital Management Inc

    CVS Health (CVS) Shares Bought by First City Capital Management Inc

    Mizuho set a $95.00 price target on CVS Health and gave the stock a "buy" rating in a research report on Wednesday, January 24th. ValuEngine cut shares of CVS Health from a "buy" rating to a "hold" rating in a research report on Sunday, December 31st.
    Rocking Stocks: Tesla, Inc. (NASDAQ:TSLA), Eli Lilly and Company (NYSE:LLY)

    Rocking Stocks: Tesla, Inc. (NASDAQ:TSLA), Eli Lilly and Company (NYSE:LLY)

    Minneapolis Portfolio Management Group Llc increased Popular Inc (BPOP) stake by 5.5% reported in 2017Q4 SEC filing. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.08 by $0.06.
    Mauricio Pochettino makes Man Utd claim after Brighton draw

    Mauricio Pochettino makes Man Utd claim after Brighton draw

    However, Brighton were back on level terms in the 50th minute as Izquierdo won a penalty by inducing Aurier's rash challenge. Tottenham could have gone 10 points clear of Chelsea with a win at the Amex Stadium last night.


Latest news

Air quality report mostly good for Northeast Pa.
Florida's air quality varies, but Southwest Florida has scores of B's and C's according to the American Lung Association . Particle pollution is a mix of tiny solid and liquid particles contained in dirty exhaust from vehicles and industry.

Knight-Swift (KNX) Downgraded by Zacks Investment Research to Hold
The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. The total amount of shares outstanding is 179.27M, giving the company a market capitalization of about 7.90B.

In the meantime, fans will also need to wait a little longer before the actual title of Avengers 4 will be revealed. Others reckon that Chris Evans' Captain America is for the chop, or even Robert Downey Jr's Iron Man .

Khloe Kardashian praises her sisters after Tristan Thompson cheating scandal
It will also be a special occasion for actress America Ferrera , who is days away from welcoming her first child . A source told Entertainment Tonight that Khloe is actually feeling confused about what to do with Thompson .

Overnight Weather Forecast Wednesday, April 18th, 2018
A cold front slides through on Thursday bringing isolated showers and partly sunny skies with highs in the lower 60s. There will be a bit of cloud cover, and that coupled with a light breeze should keep temperatures from bottoming out.

Appeals Court Blocks Ohio's Defunding Of Planned Parenthood
OH argued that Planned Parenthood was seeking a constitutional guarantee to public funding that does not exist. Planned Parenthood is a national target because of its role as the largest USA abortion provider.

I will win by big margin: BJP state chief Yeddyurappa
Shah brought up the issue of Chief Minister Siddaramaiah's luxury watch and asked to disclose the source of his Rs 40 lakh watch. The election in the southern state is expected to set the tone for the upcoming polls in four states in December.

Knicks To Interview Kenny Smith For Head Coach
TNT analyst Kenny Smith will interview for the New York Knicks ' head-coaching job on Friday, a source told ESPN's Stephen A. This isn't the first time Smith has gotten interest for an National Basketball Association job.

Analysts See $0.42 EPS for Cavium, Inc. (CAVM)
Lafayette Investments Inc holds 48,775 shares. 2,551 are held by Comerica Commercial Bank. (NYSE:HON) for 193,830 shares. Investors sentiment increased to 1.03 in 2017 Q4. 70 funds acquired stakes and 51 increased stakes. (NASDAQ:CAVM).

Will Jay Z push Saquon Barkley to the Giants or Jets?
Earlier this month, Kiper posted a three-round mock draft for all 32 National Football League teams, including the Titans. His biggest concern about Rosen is when plays break down, he is not as good at improvising as some others are.

Learn JavaScript for free with Google's latest mobile game
I installed the app on my Google Pixel 2 XL and stepped through the opening wizard, which eventually asks if you've coded before. You can choose to have Grasshopper remind you to login once a day, every other day, or twice a week - or not at all.

Real Madrid v Athletic Bilbao
Zidane has prefered Benzema as a partner for Ronaldo up front this season but the Frenchman has managed only one goal in his last nine games.

Indian cities are 149% more congested than comparable cities around Asia
Apart from India, the two now also compete in the Australian market, with Ola recently launching its services in Perth and Sydney. In 2015, Uber announced an investment of United States dollars 1 billion in the country to expand its services.

Philip Morris Earnings Up in Smoke
The company was maintained on Monday, February 22 by Stifel Nicolaus. $5.08 million worth of Philip Morris International Inc . Bourgeon Cap Management Lc holds 2.85% or 45,684 shares. 142,860 are owned by State Of New Jersey Common Pension Fund D.

The Blackstone Group (BX) Shares Bought by Cambridge Investment Research Advisors Inc
Over the last few years, Blackstone Group grew its bottom line faster than revenue by successfully controlling its costs. Over the past 50 days, The Blackstone Group L.P.'s stock is -9.89% off of the high and 5.58% removed from the low.

Other news