Bon-Ton and its subsidiaries filed for bankruptcy in early February. A vendor group still has the option of buying 210 stores still open after the planned closures of nearly 50 stores this spring.
» RELATED: New Elder-Beerman shops opening in Dayton
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The company extended the deadline for bids in its bankruptcy auction last week to April 4, after announcing it was in active discussions. Reuters reported the bidder is a joint effort between Namdar and Washington Prime.
Most Elder-Beerman stores are located within local malls, so possible closures would have a detrimental effect on multiple shopping centers. Elder-Beerman has stores in Piqua, Huber Heights, the Mall at Fairfield Commons in Beavercreek, the Dayton Mall, the Kettering Towne Center, among others in Ohio. The stores employ hundreds of workers.
No local Elder-Beerman stores were included in the round of closures announced earlier this year. Only one store in Ohio was impacted. However, Bon-Ton could also reduce the number of distribution centers from three to two, shutting down its facility in Fairborn.
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