retail news in context, analysis with attitude

…with brief, occasional, italicized and sometimes gratuitous commentary…

• Bon-Ton Stores, which operates department store banners that include Carson's, Elder-Beerman and Younkers, in 24 states in the Northeast, Midwest and Great Plains, has filed for bankruptcy protection.

USA Today writes that Bon-Ton has been “on a fast track toward bankruptcy court after it recently announced plans to close 47 of its 260 stores … The retailer, waylaid by heavy debt and the digital fallout that has ensnared many of its rivals, signaled that it's conducting ‘constructive discussions’ with its creditors to identify a viable path forward. That could theoretically involve asset sales, significant debt cuts, additional store closures or some combination.”

There was one piece of the story that made me chuckle - the comment that Bon-Ton has dual headquarters in New York and Milwaukee. Sort of its own HQ2. I trust that Amazon will avoid this particular fate.
KC's View: