Springfield's Elder-Beerman store, located in the Upper Valley Mall will close its doors at the end of January when its lease expires.  The store's parent company, Bon-Ton Incorporated cited declining sales revenue as the reason to cease operations.

Elder Beerman has been an anchor store in the Upper Valley Mall for nearly 20 years. Greater Springfield Commerce officials say the mall is the largest sales tax generator in Clark County.

Officials say that Springfield retains $46 out of every $100 spent at a national chain located in Clark County.