Younkers in the Wausau Center Mall will close "no sooner than April 1," eliminating 63 jobs, parent company Bon-Ton Stores Inc. said Wednesday in announcing the closing of 47 stores.
The job losses in Wausau involve 62 hourly positions and one with a salary – the store manager, the company said.
Younkers becomes the third anchor store at the mall – with Sears and JC Penney – to leave the downtown shopping center within the past three years, raising new questions about its future.
Bill Tracy, president and chief executive officer for Bon-Ton Stores, said the closures are part of a "comprehensive turnaround plan" announced in November to "move forward with a more productive store footprint.”
The changes are designed to "drive improved performance" to strengthen the company’s "capital structure," Tracy said in a statement.
A third-party liquidator, Hilco Merchant Resources, will help manage the store closing sales, beginning Thursday and running 10-12 weeks, Bon-Ton said.
The company said laid off workers can interview for available positions at stores that will remain open.
Along with the Younkers in Wausau, eight other Wisconsin stores will be closed. See the full list here.
|Younkers||Fox River Mall||Appleton||Wisconsin|
|Boston Store||Heritage Village||Beaver Dam||Wisconsin|
|Younkers||Forrest Mall||Fond Du Lac||Wisconsin|
|Younkers||Lakeshore Edgewater Plaza||Manitowoc||Wisconsin|
|Younkers||Pine Tree Mall||Marinette||Wisconsin|
|Boston Store Clearance Center||5659 S. 27th Street||Milwaukee||Wisconsin|