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Following an attempt to convert to a privately held company, Elder-Beerman was offered more cash for its outstanding stock as part of the buyout. [ 5 ] On November 25, 2003, Bon-Ton reported a net loss in the third quarter of $1.7 million, or $0.11 per share, including an asset impairment charge of $0.10 per share.
The Elder-Beerman Stores Corp., commonly known as Elder-Beerman, was an American chain of department stores founded in 1883 and whose last stores closed in 2018. The chain, based primarily in the Midwestern United States , was composed of 31 stores in eight states at the time of its liquidation in 2018, [ 2 ] and peaked around 2003 with 68 ...
Retail developer Jonathan Woodner first announced plans for Swifton Center in 1951, and sold his stake in the mall to Stahl Development in 1954. [2] The site chosen for the center was the southeast corner of Reading Road (U.S. Route 42) and Seymour Avenue within the city limits of Cincinnati, Ohio, a site determined by market analysts to be the center of population for the Cincinnati market at ...
RICHMOND, Ind. — In 2018, Bon-Ton filed for bankruptcy, resulting in the closure of all of the company's Elder-Beerman stores, including Richmond's at 601 E Main St. Over the years, efforts have ...
The existing Elder-Beerman store was reconfigured to house its men's, children's and home departments on the upper level, and a new furniture gallery on the lower level. [ 14 ] In April 2014, Elder-Beerman announced that it would consolidate its two mall locations back into its original location and eliminate the furniture gallery; the ...
Adrian Mall was an enclosed shopping center serving Adrian, Michigan, United States.It opened in 1970 with JCPenney and Sears as its anchor stores; an expansion in 1985 added Elder-Beerman as a third.
All existing Stone & Thomas stores were converted to Elder-Beerman by 1999. Six locations were sold to Peebles and three more locations were sold to Belk . [ 1 ] After moving to a larger location, the Stone & Thomas anchor store at the Ohio Valley Mall , was also converted, while the former location subsequently became a Burlington Coat Factory ...
In 1978, Dayton, Ohio-based Elder-Beerman purchased what were then six Mabley & Carew stores in Cincinnati, Hamilton and Middletown and eventually converted them to the Elder-Beerman nameplate. Wren's Department Store in Springfield was not included in the sale and became part of Allied's William H. Block Co. Department Store division based in ...