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The store’s parent company, Bon-Ton Stores Inc., released a statement Tuesday announcing the upcoming closure. About 55 employees work at Bon-Ton’s Maine Mall store and will be offered severance, it said. Bon-Ton store to fill Filene’s footprint in Maine Mall Bon-Ton moved into the mall in 2013 , filling the 120,800-square-foot space that had been vacated by Filene’s in 2006. The decision to close after four years despite the company’s signing a 15-year lease for the space suggests that the store did not perform to expectations. “Bon-Ton evaluates its store portfolio on an ongoing basis to determine our stores’ long-term viability,” Steve Byers, executive vice president of stores, said in a statement. “Closing a store is never an easy decision and we would like to thank the customers who have shopped with Bon-Ton as well as our store associates for their dedication and friendly customer service to this community.” It was not immediately clear whether the closure was part of a larger action by the company, which has 261 stores in 25 states in the Northeast and Midwest, under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers names. In its most recent quarterly report, company President and CEO Kathryn Bufano cited “weak mall traffic trends” as a contributing factor in the company’s poor financial performance. Same-store sales were down 8.8 percent from the same period a year earlier, and total sales of $536.1 million were down 9.3 percent from $591 million in the first quarter of 2016. Its loss per share of stock of $2 to $2.59 is expected for the rest of the fiscal year. Like many retailers, Bon-Ton is seeing an increase in online sales at the same time its store sales decline.
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