Bergner's liquidation sale begins; impact on retail jobs uncertain

Peru Bergner's among stores expected to be liquidated
Herberger's will close in Rock Springs
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22 April, 2018

The going-out-of-business sale is expected to last for about 10 to 12 weeks, according to the Thursday announcement. Store credit card holders were notified Thursday that the cards could no longer be used for purchases.

All sales during the liquidation sales are final, unless there is a defect that wasn't obvious at the time of purchase. While speaking about this bid, the CEO of Bon-Ton stores Mr. Bill Tracy said that the company is pretty upset by the outcome of the bidding session. It has been an anchor store for Brookfield Square Mall since the mall opened in 1967. The shift toward e-commerce, led by Amazon.com Inc., has claimed many other traditional and mall-based retailers, including cultural retail behemoth Toys R Us. Those stores are now in liquidation and will close within the next month.

The department store is also one of two large retailers to close its doors in the past year.

Statewide, employment in the retail trade dropped 3 percent from 2016 to 2018 while non-farm employment overall grew 1.2 percent, comparing January to January in each year, according to data from the Illinois Department of Employment Security.

But Bob Grantham, known to many as Bob the barber, isn't so sure.

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"Sometimes, when something changes, it's bigger and better", he said. The cards themselves soon will be closed, the company's statement said.

"This is one of my favorite places to shop", she said, citing the quality of the merchandise and the variety, from dresses to athletic wear.

"I have been trying to spread the word and the importance of shopping locally", O'Brien said in an email. Customers will have a chance to buy in store sale items online as well.

"You're still going to have a retail trade".

In addition, the filing states, the liquidators will not accept coupons or honor any other discounts. Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information now available to management, which includes assumptions about continued revenues based on historical past performance, management's historical experience, perception of trends and current business conditions, expected future developments and other factors which management considers appropriate. "It hard no matter how you try to soften it".


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