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Boscov's Files for Bankruptcy « Gurindam Jiwa Boscov's, which said in court papers that it's the biggest family-owned full-service department store chain in the U.S., will immediately close 10 of its 49 stores. The company said it will borrow as much as $250 million from a group of lenders led by Bank of America ... A pullback in consumer spending has contributed to more than a dozen retail bankruptcy filings in the past year, including Mervyn's LLC, which operates most of its 177 stores in California, on July 29. ...
Another Sad Day for Retail: Boscov's Flails for Life; Dawahare's ... I heard they were one of the last department stores to carry a full line of merchandise along the lines of the old style downtown department stores. In this current envrionment, I doubt Boscov''s lines of toys, sporting goods, and furniture are priced competitively with the big box and discount ...... The investor group led by Albert Boscov, 79, and his brother-in-law Edwin Lakin of Reading, missed their Black Friday buyback deadline by a week because of financing delays. ...
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