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Thursday, December 13, 2012

Department Store "Bon Ton" Coming To Maine

Photo Credit: CBSNews
South Portland, Maine - Today Rocky Coast News has learned that the department store Bon Ton will be opening a store in the Maine Mall. This will be Bon Ton's first store in Maine, who has 270 stores Nationwide. Bon Ton will be going into the space where Summit Adventures - a family sports center is located. Summit Adventures will be moving into the former Chuck E. Cheese location.

They are going to do a complete refurbishment of the space. The interior will essentially be brand new. They are bringing in great brands like
Cleark's, Estee Lauder, and Ralph Lauren says Maine Mall's general manager.

The official press release from Bon Ton, a department store chain is below.

YORK, Pa. - The Bon-Ton Stores, Inc. (NASDAQ:BONT) Wednesday (December 12th,2012) announced two new locations: a 120,800-square-foot facility at The Maine Mall in South Portland, Maine, and a 122,000-square-foot facility located at Glenbrook Square in Fort Wayne, Indiana. Both malls are owned by General Growth Properties, Inc. (NYSE:GGP). The Company expects to begin remodeling the stores in February 2013 and be completed by mid-September 2013.

Brendan Hoffman, President and Chief Executive Officer, stated, "We are pleased to announce the transactions with GGP which afford us entrée into two new markets and, in Maine, a new state. The Ft. Wayne Carson's will be our 14th store in the state of Indiana. We believe our new stores will enhance the total shopping experience for consumers in these markets."

The Maine Mall, a premier retail destination in the region, will be Bon-Ton's first store in Maine. The new location will feature a complete merchandise assortment, including home. The Maine Mall is home to several specialty stores, including the Apple Store, H&M and Coach, and is currently anchored by Macy's, Sears, jcpenney, Best Buy and Sports Authority.

Glenbrook Square, one of the largest enclosed super-regional shopping malls in Indiana, is situated within a three-mile distance from Fort Wayne's central business district and anchors the city's principal north suburban shopping area. The mall boasts several specialty stores and is anchored by Macy's, jcpenney and Sears.

"Under the leadership of Brendan Hoffman, The Bon-Ton Stores have continuously offered customers an extensive assortment of quality merchandise at great values. They're committed to provide shoppers an outstanding experience. The addition of Carson's at Glenbrook Square and Bon-Ton at The Maine Mall will be a welcome addition for our customers in these markets," said Sandeep Mathrani, Chief Executive Officer, GGP.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania, and Milwaukee, Wisconsin, operates 273 department stores, which includes 11 furniture galleries, in 24 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's and Younkers nameplates and, in the Detroit, Michigan area, under the Parisian nameplate. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company's website at http://investors.bonton.com.

General Growth Properties, Inc. is a fully integrated, self-managed and self-administered real estate investment trust exclusively focused on owning, managing, leasing, and redeveloping high-quality regional malls. GGP's portfolio is comprised of 127 malls in the United States and 16 malls in Brazil comprising approximately 135 million square feet. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

About Bon Ton:

Bon-Ton consistently offers a wide selection of unique and limited-distribution merchandise and competitively priced national and private brands tailored to the lifestyle needs of our customer.

We provide our customer with an innovative and convenient shopping environment, attended by friendly and knowledgeable associates. Our website reaches out to all of our customers and allows us to serve markets that extend well beyond the geographical boundaries of our stores.

Motto: Come to the Right Place®

Rocky Coast News is excited about this news about Bon Ton coming to the Maine Mall in South Portland, Maine.

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