MILWAUKEE — The Bon-Ton Stores, Inc. announced Thursday that going-out-of-business sales will begin Friday in 212 stores and e-commerce websites under the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger’s and Younkers nameplates.The sale includes local Carson's locations in Southlake Mall in Hobart, the Marquette Mall in Michigan City and in Hammond, where the three-story store is all that remains of the once-thriving but now largely demolished Woodmar Mall.The liquidation sales are expected to run for approximately 10 to 12 weeks. Bon-Ton currently has 250 stores, 38 of which are already in liquidation from a previously announced store closure process.The U.S. Bankruptcy Court for the District of Delaware on Wednesday approved a liquidation agreement.Additional customer information regarding the going-out-of-business sales is available on the company’s restructuring website at bontonrestructuring.com.More on NWI business openings and closings … [Read more...] about Everything must go: Region Carson’s stores among Bon-Ton locations to have going-out-of-business sale starting Friday
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Kate Spade store coming to Lighthouse Place in Michigan City
Fashionistas have a reason to rejoice.Kate Spade, a chic, urbane retailer known for its stylish handbags, "crisp colors, graphic prints and playful sophistication," will open an outlet store in the Lighthouse Place Premium Outlets in downtown Michigan City this summer. The high-end global designer brand, which encourages its often upper middle-class customers to "live colorfully," will open a 2,800-square-foot store in the outdoor mall at 601 Wabash St.“People have been clamoring for a Kate Spade at Lighthouse Place Premium Outlets for years, and now we are excited to announce that it’s becoming a reality,” Lighthouse Place General Manager Chris Juricic said. “Adding an iconic brand like Kate Spade further drives home our commitment to bring the most sought-after retailers to Lighthouse Place Premium Outlets for our shoppers to enjoy.”Kate Spade has more than 175 Kate Spade New York shops internationally that sell handbags, clothing, accessories, jewelry, … [Read more...] about Kate Spade store coming to Lighthouse Place in Michigan City
Southlake Mall Sears building put up for sale
The Sears department store at Southlake Mall is being auctioned online, but that doesn't necessarily mean it will close.The struggling Hoffman Estates-based retailer, which has been closing stores across the country for years and sold off its iconic Craftsman line of tools last year, is selling 16 stores in a bid to raise capital, but is looking for lease-back deals through which it would collect a windfall from the sale and pay rent to a new owner instead of owning the building outright."We are pursuing a sale/leaseback of the Sears store," spokesman Howard Riefs said. "The store will then be leased by Sears (instead of owned) and remain open to the public."Cushman & Wakefield and RealINSIGHT Marketplace are auctioning off the 210,404-square-foot Sears, which was one of the original anchor stores when the Southlake Mall opened in 1974. It encompasses a 185,887-square-foot store and 24,517-square-foot auto center on a 17.5-acre site. The auction is slated to take … [Read more...] about Southlake Mall Sears building put up for sale
NWI Business Ins and Outs: Ryan’s Irish Pub closes, coffees shops and permanent makeup studio opening
NWI Business Ins and Outs: Several new stores open at Southlake Mall Shops on Main in Schererville is newer and more buzzed-about.You can find better deals at Lighthouse Premium Outlets in Michigan City. The proposed 80- to 100-store outlet mall a developer wants to build near Interstate 65 in Crown Point likely would peel some traffic away.Enclosed malls everywhere are not exactly at their height of popularity and cultural relevance, especially as department stores are folding across the country.But Southlake Mall in Hobart remains the king of shopping in Northwest Indiana. The super-regional mall at U.S. 30 and Mississippi Street, the second largest in the state of Indiana, continues to attract new tenants.OpenedMr. Kay's recently opened a shoe store in Southlake Mall, its second location. The footwear retailer has been located in River Oaks Center in Calumet City since 2007, and specializes in shoes, socks and accessories for larger customers. It's known for a "large stock of … [Read more...] about NWI Business Ins and Outs: Ryan’s Irish Pub closes, coffees shops and permanent makeup studio opening
Nine West files for bankruptcy
Nine West, which has a store in the Lighthouse Place Premium Outlets in Michigan City, become the latest struggling retailer to file for bankruptcy.The 45-year-old retailer, which carries women's apparel, jeans, shoes, and accessories, seeks to restructure debt through Chapter 11 bankruptcy. Its parent company, Sycamore Capital, owes $1 billion to more than 50,000 creditors, according to a court filing.Nine West has secured $300 million in debtor-in-possession financing and said it has the liquidity necessary to survive the bankruptcy.While in bankruptcy, the retailer looks to sell off its Nine West and Bandolino footwear and handbag business, and to focus on its more profitable One Jeanswear Group, The Jewelry Group, the Kasper Group, and Anne Klein businesses."This is the right step to address our two divergent business profiles. We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses and continue to operate them under a new capital structure so … [Read more...] about Nine West files for bankruptcy