Boscov's, Inc. is a privately-held chain of department stores. Through its operating subsidiary Boscov's Department Stores, Boscov's offers apparel for men, women and children; home furnishings and appliances; bedding; jewelry; electronics; candy; beauty products; and household goods. Boscov's also provides bridal consulting and gift registry services including full line of products. As of 2010, Boscov's is operating through its 39 stores. Boscov's had filed chapter 11 bankruptcy in 2008 and an investment group led by Albert Boscov later purchased the company. Based in Reading, Pennsylvania, Boscov's was founded by Solomon Boscov in the year 1911.
Overview & Corporate Organization
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|Fiscal Year End:||12/31|
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Boscov's Department Store, LLC
PrivCo Industries (Sector > Industry > Sub-Industry)
|Retail > Apparel & Accessories Retail|
|Retail > Furniture & Furnishings Retail|
|Retail > General Merchandise Stores > Department Stores|
|Retail > General Merchandise Stores > Discount & Variety Stores|
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Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
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|*||Boscov's Department Store, LLC. fiscal year end: 12/31|
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Bankruptcy & Restructuring
Detailed Business Description: Boscov's Department Store, LLC.
1911: Boscov's Founding
Boscov's, Inc. is a departmental stores operating company which was founded by Solomon Boscov in 1911. Solomon Boscov immigrated to Reading, Pennsylvania, in 1911 with $1.37 in cash. He worked with a traveling company as a salesman with $8 worth of merchandise. In 1911, Boscov founded the first of his namesake stores as the Economy Shoe Store and Dry Goods Annex in downtown Reading, Pennsylvania. Boscov also started a dry goods store in the family living room corner to save money to expand the business. In 1913, Boscov had occupied all the raw houses in the street for his business.
1950s to 1990s: Boscov's Expansion
In 1954, Boscov's son-in-law Edwin Lakin joined the business to help him in renovation and stores expansion. Albert Boscov, son of Solomon, entered family business after serving in the United States Navy.
In 1962, Boscov's opened another full-service department store in suburban Reading. In 1967, a new 60,000-square-foot store was built in place of the… Continue Reading →