The Bon-Ton Stores, Inc announced that they will be closing down the Lima Mall Store on January 31st, 2016. The Lima store is one of three stores the company plans to shut down, the others are in West Virginia and New York. The company says that 51 associated will be effected by the closure of the store.
In a press release, Bon-Ton President and CEO Kathryn Bufano says "We actively review our store portfolio to ensure efficient asset utilization. While decisions to close stores are not taken lightly, closings are part of ongoing real estate initiatives in which we strategically conclude operations at underperforming locations, enabling us to redirect capital into more profitable and productive assets. As a result of our performance reviews, we felt it prudent to close the aforementioned stores. We are very grateful for the dedicated Huntington, Lima and Carousel Center store associates and are committed to providing assistance to these associates."
The affected associates in the Huntington Mall, Lima Mall and Carousel Center stores will be offered the opportunity to interview for available positions at other Elder-Beerman or Bon-Ton stores, or receive career transition benefits, including severance, according to established practices and state employment service support.
