UPDATE:
It’s official– the Carson’s locations in Warsaw, Elkhart, and Michigan City will close by August 31. Liquidation sales are expected to begin immediately.
ORIGINAL STORY:
The Carson’s in Warsaw could close as a result of its parent company’s bankruptcy.
Bon-Ton Stores owns Carson’s and announced a winning bid for their assets on Tuesday.
The joint venture that will acquire the stores is calling for liquidation.
Bon-Ton Stores is the parent company of about 260 retail outlets in 24 states. Its brands include Younkers, Boston Store, and Bergner’s.
A hearing on Wednesday will determine how quickly the wind-down of operations will occur.
When asked for the status of their Warsaw location, Bon-Ton Stores sent News Now Warsaw the following statement:
“Bon-Ton expects to provide more details about the liquidation plans and going out of business sales at its stores following approval of the winning bid by the Bankruptcy Court…We expect the store closing process to be 10-12 weeks.”
Bon-Ton Stores President and CEO Bill Tracy says they’ll work with the bidder’s desire to liquidate, even though they hoped to find someone to run the locations.
“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,” he explains.
