»RELATED: Giant empty retail space clouds Dayton Mall’s future
Elder-Beerman’s parent company Bon-Ton filed for Chapter 11 bankruptcy in February and started liquidation sales in April. Bon-Ton, which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers, bought Elder-Beerman for $92.8 million in 2003.
Dayton-based Elder-Beerman has roots in the area back to 1883 when an advertisement for the Boston Dry Goods Store owned by Thomas Elder ran in the Dayton Daily Journal.
RELATED: Dayton Mall says it’s working closing with Sears property owner to fill space
The company follows the same fate of other big box chains like Toys “R” Us, which shuttered its doors at the end of June after filing for Chapter 11 bankruptcy. Many retailers couldn’t keep up as online sales grew and consumer shopping habits shifted.
Several retailers have announced store closures already in 2018, including Sears, Kmart, Macy’s and Sam’s Club. Last week, Sears announced it would close its Dayton Mall store, leaving 129,000 square feet of space vacant.
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