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Bon-Ton to close doors

(file photo)
(file photo)

The Bon-Ton Stores Inc. is headed to its final close-out sale.

Unable to find a buyer that would keep it going, the department-store chain said Tuesday night it accepted a buy-out bid that would result in its liquidation, leading potentially to thousands of layoffs and acres of empty retail space.

"While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve," Bon-Ton President and CEO Bill Tracy said in a statement.

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