Bon-Ton Stores Inc. shares are down 7.7% in Wednesday trading after the company announced which of its stores will be among the 42 closing in early 2018. Another five closures were previously announced, and four of those stores have shut. The new wave of store closures will span across Wisconsin, Pennsylvania, Indiana, Illinois, and other states. Bon-Ton has partnered with Hilco Merchant Resources, a third-party liquidator, to help manage the store closures, including store closing sales, which will begin Feb. 1 and last 10-to-12 weeks. Store associates will be offered the chance to interview for positions at neighboring stores. Bon-Ton Stores announced earlier this month that it has entered into forbearance agreements with some of its lenders after missing a $14 million interest payment. Bon-Ton shares are down more than 86% for the past year while the S&P 500 index is up 24.1% for the period.
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