US department store chain Bon-Ton files for bankruptcy
It is on track to shutter 47 stores across the country, mostly in Illinois, Indiana, Pennsylvania and Wisconsin
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
BON-TON Stores Inc said on Sunday that it filed for bankruptcy protection to restructure its debt and explore a potential sale, making it the first major US brick-and-mortar retailer to do so this year.
Department store operators have been struggling to fend off online sellers such as Amazon.com Inc as shoppers increasingly choose to shop over the Internet, resulting in a decline in mall footfalls.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
