Bud Bergren, president and chief executive, in a statement said Bon-Ton decided to close the furniture store after reviewing its performance.
“We appreciate the loyalty and dedication of our associates and the support of Dayton customers,” Bergren said.
The company said it will continue to operate furniture galleries in Miami Twp., Montgomery County, and Beavercreek.
In addition, the company plans to convert the furniture section at its 2917 Philadelphia Drive department store into a clearance center for furniture, executives said. The center will open in mid-December, executives said.
Bon-Ton spokeswoman Mary Kerr said the company owns the building that houses the Salem Avenue furniture gallery. The York, Pa., department store chain will keep the property, which also serves as a warehouse for Elder-Beerman’s other local furniture galleries.
Kerr said Bon-Ton has closed two Elder-Beerman department stores in Ohio this year, one in Hamilton and another in Northwood.
Closing costs for the location will not be material, the company said.
Shares of Bon-Ton (Nasdaq: BONT) closed Friday’s regular trading session at $10.95, up 11 cents over the previous close. The stock has a 52-week range of 76 cents and $11.15 per share.
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