- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Address
- United States of America
- IPO Date
- Jan 1, 1991
- Business
- The Bon-Ton Stores, Inc. (BONT) operates as an online retailer of fashion apparel and accessories for women, men, and children; cosmetics; home furnishings including kitchen, bathroom, bedroom, and outdoor products; and other consumer goods such as jewelry, housewares, shoes, handbags, toys, and décor. The company offers products from national and private brands, previously available through its department store banners including Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers. Founded in 1898 and historically headquartered in York, Pennsylvania, Bon-Ton now maintains a digital presence with corporate references in New York, NY, targeting customers across the United States following the closure of its physical stores.
In February 2018, the company filed for Chapter 11 bankruptcy protection amid declining sales and inability to meet debt obligations, leading to the liquidation of its approximately 267 stores in 23 states across the Northeast, Midwest, and upper Great Plains regions. A joint venture comprising Great American Group LLC (a subsidiary of B. Riley Financial, Inc.), Tiger Capital Group LLC, and Bon-Ton's second-lien noteholders acquired the assets for an estimated $775.5 million in April 2018, initiating going-out-of-business sales and the conversion to Chapter 7 bankruptcy. CSC Generation subsequently purchased the brand, trademarks, websites, and customer database for $900,000 in September 2018, relaunching an e-commerce platform; in early 2021, CSC sold Bon-Ton to BrandX.com, Inc., which continues online operations and has explored limited physical store reopenings, such as a short-lived Carson's location in Illinois that closed in 2020. The company's stock now trades over-the-counter under BONTQ, reflecting its delisted status from NASDAQ.