Tuesday, February 06, 2018

Empty Racks At Bon Ton!

Bon Ton has decided to shutter stores after filed Chapter 11. The 24 states that have a Bon Ton store could be affected.  

The stock market dropped bigly.

While in Cincinnati, Donald J. Trump was calling Democrats "treasonous" for not standing for him during his State of the Union Address.

He lied about how many viewers watch it. About 46.9 million, good but Barack Obama in his first year had 52.4 million.

The Russian scandal isn't going away anytime soon. It seems like he and the congressional Republicans once again shot a water gun instead of a cannon.

And what about them jobs, jobs, jobs.

Well yesterday, the Bon Ton company filed for chapter 11 bankruptcy protection in its bid to save itself from failing. It announced that it will close up a handful of stores placing thousands of Americans out of work.

Bon Ton owns Younkers, Elder-Beerman, Carson's, Bergner, Boston Store and Herberger's.

They have a retail headquarters in Milwaukee and York, Pennsylvania.

The company blames Amazon and slow foot traffic as factors.

Gymboree, PaylessShoeSource and Toy "R" Us are on the bubble as well.

The same with JCPenny, Macy's, Sears, Kohls and most retailers.

We are at the peak of a major retail crisis.

In Cincinnati and Dayton, Bon Ton stores are called Elder-Beerman. There's no word on whether a store in the region will close up.

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