Younkers at Crossroads Mall in Fort Dodge hasn’t closed yet, but a liquidation sale revealed on Wednesday means it’s likely just a matter of time.

The Bon-Ton Stores, the parent company of Younkers, has confirmed its sale to a group of investors, according to information on the company’s website.

The group apparently plans to liquidate its inventory, which means all of its subsidiary stores, including Younkers, will close, according to published news reports.

Great American Group LLC and Tiger Capital Group LLC will acquire the inventory and certain other assets of the company, according to a press release from The Bon-Ton Stores.

Bill Tracy, the company’s president and chief executive officer, said in a written statement, “While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve. We are incredibly grateful to all of our associates for their dedicated service to Bon-Ton and to our millions of loyal customers who we have had the pleasure to serve as their hometown store for more than 160 years.”

The Bon-Ton Stores, with corporate headquarters in New York, Pennsylvania and Milwaukee, Wisconsin, has 250 department stores in the U.S. Each is expected to go out of business, The Associated Press reports.

Younkers announced on Tuesday that it was closing eight stores in Iowa. Fort Dodge’s location wasn’t included in the list at that time.

A call placed to Melissa Verschoor, Crossroads Mall manager, was not immediately returned Wednesday.

A woman who said she was the manager at Younkers in Fort Dodge said she wasn’t allowed to comment on the situation.

At least one customer was told that going out of business sales would be announced in the coming weeks.

The closure of Younkers would follow other closures at Crossroads Mall in recent times.

Maurices announced its closure in December 2017. Prior to that, Book World announced it was closing in early November 2017.

JCPenney, which had been an anchor at the mall for more than 50 years, also closed within the past year and a half. That store building may be demolished.

The Sears store, which had also been open for more than 50 years, closed in January 2015.

In January, three firms from Great Neck, New York, purchased Crossroads Mall from J. Herzog & Sons, of Denver, Colorado.

Those three firms are Namdar Realty Group, Mason Asset Management and CH Capital.

The purchase did not include the former Sears building on the south side of the mall. Although it is attached to the mall, it is a separate property owned by Blessing Enterprises LLC, of St. Charles, Missouri.

The new owners have not yet revealed their plans for the mall.

Crossroads Mall opened in 1967. It remains home to about 37 stores.