Mason City Younkers store closing in June

Mason City Younkers store closing in June

The Quad-City region could lose three Younkers department stores if the Iowa-born company goes out of business.

Bon-Ton had been working on a deal with asset manager DW Partners and mall owners Namdar Realty and Washington Prime Group that the company said would keep most or all of its stores open.

The stores in Coralville's Coral Ridge Mall and Lindale Mall in Cedar Rapids are among seven Younkers stores that the department store's parent company, Bon Ton, Inc., told Iowa Workforce Development (IWD) it plans to close.

Around 635 employees work at the stores already identified as closing soon.

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Nebraska reached out to Bon-Ton representatives for comment on the report but with no response.

The Omaha stores filed a notice with the Nebraska Department of Labor earlier this month that warned a closure of the stores could be coming.

"The holdup is the mall is going under", Kohan said, noting Bon-Ton's bankruptcy.

When the auction is complete the next steps for the company will be to pick a winning bid which will then need to be approved by a judge in U.S. Bankruptcy Court.

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By law, employers are required to give 60 days notice of certain plant closings and mass layoffs. Boston Store, for example, was founded in 1897, and Younkers in 1856.

Bon-Ton operates two Younkers stores in Omaha at Oak View and Westroads Malls and one at Gateway Mall in Lincoln. Both have served as anchor stores for the mall.

Along with Milwaukee, Wisconsin, Bon-Ton also has corporate offices in York County.

While it's now owned by out-of-state investors, Younkers also has Iowa roots.

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