Herberger’s Future at Kirkwood Mall Could be in Jeopardy
It's too early to know for sure, but Herberger's located at the Kirkwood Mall could be in trouble.
Bon Ton, which is the owner of Herberger's has lost money for the last six years according to USA Today, and in a third quarter earnings call, the company announced it plans to close at least 40 stores in 2018.
They did not announce which stores would close and Bon Ton operates about 260 retailers across the country.
Additionally, the company has lost over $134 million through the first three quarters of 2017.
Many of Bon Ton's locations are located in Malls, just like Herbergers. Less foot traffic to malls in the last several years thanks in part to online sales have hurt Bon Ton.
Of course it is very possible that Herberger's at the Kirkwood Mall will be one of the 220 locations that continue to operate into 2018 and beyond.
You can see the third quarter earnings report in full here.