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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 sourcePublished Mon, Feb 5, 2018 · 09:50 PM
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.
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