The stores operate under different names, including Younkers, Boston Store and Carson's. The liquidators will only accept returns if they meet Bon-Ton's return policies that were in effect on the date they were purchased, the court documents said.
Bon-Ton has 250 stores.
Though it is hard to predict what tenants will fill the empty spaces vacated by Bon-Ton stores, Knudsen said the natural conversion is not necessarily going to be retail.
The company's stores, e-commerce and mobile platforms are open and serving customers.
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The company is responsible for 212 stores and websites, including Boston Stores in East and West Towne Malls in Madison as well as Janesville Mall.
Lawyers for Bon-Ton did not respond to messages from CNNMoney. The liquidation sale there has already started and is expected to continue through the end of the month. A judge approved the sale on Wednesday.
As she was entering the store, Liz White, of Loda, said she'd be disappointed to see it close.
"There's 15 ways this thing could go", Snitker said.
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"It's just not really worth shopping at", she said. "They're doing the same thing right now".
Moorhead resident Norma Erickson said she sometimes shops at the Moorhead Center Mall Herberger's once a week, "sometimes once every couple weeks".
"'We want to buy these stores from you'".
"We have wonderful new developments in the pipeline coming to Peru, long-standing Peru stores that are doing very well, and our seemingly endless retail giant, Peru Mall, which needs to be nourished and reborn". "I am sorry to see this institution go and know that this impacts many employees and others".
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Starwood Retail Partners, which owns the 970,000-square-foot Louis Joliet Mall in Joliet, will lose a 43,000-square-foot Toys "R" Us store to that chain's bankruptcy.