The Bon-Ton Stores Inc. will close its store at The Mall at Steamtown in Scranton, Pa., upon the expiration of the store’s lease in January.
Approximately 50 employees at the store will lose their positions and be offered opportunities to interview for jobs at other company locations. Those not placed in other positions will be entitled to career-transition benefits, including severance, in accordance with company policy and state law.
Bon-Ton operates 36 stores in Pennsylvania, all of them under the Bon-Ton nameplate, including units in the cities of Wilkes-Barre, Wyoming and Stroudsburg. The company is headquartered in York, Pa., and operates 272 stores in 25 states, predominantly in the Northeast and Midwest. Its other nameplates are Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers.
The company, which acquired the leasehold interests to the Scranton store in 2000, said it didn’t expect costs associated with the closure to have a material effect on its financial results.
The Mall at Steamtown is anchored by Bon-Ton and Boscov’s.
Bon-Ton’s sales last year totaled $2.92 billion.