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Wausau Center mall

WEDC: Downtown Wausau planning grant still pending

in Wisconsin news

By Shereen Siewert WAUSAU — A grant for the city to pursue a Wausau Center redevelopment market study and plan has not yet been finalized, according to officials with the Wisconsin Economic Development Corporation. Wausau Economic Development Director Chris Schock on Tuesday told members of the ED committee that the city will undertake the study…

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Reuters: Bon-Ton, parent co. of Younkers, is going out of business

in Wisconsin news

Bon-Ton Stores Inc, a bankrupt chain of 200 regional department stores, will go out of business after the only bidders competing at the Monday start of its court-supervised auction were liquidators, according to the news agency Reuters. Bon-Ton, which filed for bankruptcy in September, had been working with U.S. mall owners Namdar Realty Group and…

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City, cinema impatient with mall owner

in Wisconsin news

By J.S. Decker Compass Properties LLC is exploring potential for the vacant Sears shell at Wausau Center Mall, encouraging further interest from the furniture store chain and cinema developer whose plans were recently discouraged and delayed. In October, Micon Cinemas of Chippewa Falls withdrew its proposal to build a 10-screen cinema, bar and restaurant complex…

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Claire’s files for bankruptcy

in Wisconsin news

For decades Claire’s jewelry chain has been a fixture at malls and shopping centers including Wausau Center. But the company is the latest retailer to file for bankruptcy. Claire’s called the filing an attempt to restructure its balance sheet, not its operations. The company, which earned $29 million in profit last year and $1.3 billion…

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Younkers closure could prompt sale of Wausau Center mall

in Investigations/Wisconsin news

By Shereen Siewert WAUSAU — City leaders are encouraging the owners of Wausau Center mall to put the property up for sale, after news broke last week that the mall’s sole remaining anchor store will close. At Tuesday’s economic development committee meeting, Economic Development Director Chris Schock said the Younkers closure could move mall owners…

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Game over: GameStop to close Wausau Center location

in Biz Briefs/Wisconsin news

By Shereen Siewert WAUSAU — The embattled Wausau Center mall is about to lose yet another retailer, as GameStop officials confirm they will shutter the company’s downtown location later this month. The Wausau location is one of 150 GameStop locations to close as part of a “multi-year strategy” first introduced in 2011, according to Joey…

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Younkers owner reportedly in talks with private equity firm

in Wisconsin news

Sycamore Partners, a private equity firm with a reputation for scooping up underperforming retail operations, has held talks with troubled department store chain Bon-Ton Stores Inc. about acquiring some of the company’s assets, according to a Bloomberg report. Bon-Ton is the parent company of Younkers, which is the sole remaining anchor store at Wausau Center…

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