CEDAR FALLS — A cornerstone department store in College Square Mall will be closing in the next few months.
Bon-Ton Stores, which operates Younkers as well as Bon-Ton, Elder-Beerman, Carson’s, Herberger’s and Boston Store in 24 states, announced Wednesday 47 stores under their umbrella would close in 2018.
The Younkers in Cedar Falls is one of two stores in Iowa that will close; the other is the Younkers in Westdale Mall in Cedar Rapids.
All of the locations will begin closing sales today and be closed 10 to 12 weeks after that.
“We would like to thank the loyal customers who have shopped at these locations and express deep gratitude to our team of hard-working associates for their commitment to Bon-Ton and to serving our customers,” said Bon-Ton President and CEO Bill Tracy in a statement.
A manager answering the phone at Younkers in Cedar Falls on Wednesday directed all questions to Bon-Ton’s public relations staff, who did not immediately return a message asking about an exact closing date or how many employees would be affected by the closure.
The Younkers in Crossroads Mall in Waterloo will remain open.
That leaves Von Maur as the lone department store in College Square Mall, according to the mall’s store listings.
Shares of Bon-Ton were down a penny, to 16 cents, on Wednesday. The stock was trading at $1.25 on Feb. 1 of last year.