Joined: 04 Oct 2006
Posts: 47
| Posted: Mon Aug 04, 2008 9:39 pm Post subject: Boscov's Bankruptcy | |
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I know that some of the malls up my way have both a Macy's and Boscov's and Im wondering how this will play out. Im sure lots of Boscov's employees will be applying to Macy's.
------------------------------------------------------------- READING, Pa. - August 4, 2008 (WPVI) -- The troubled Boscov's Department Store chain has filed for Chapter 11 bankruptcy protection. The Reading, Pa.-based department store chain also says it will close 10 of its 49 stores. It otherwise will continue to operate without interruption during the reorganization. Boscov's blames credit issues, acknowledging that some suppliers have stopped shipping merchandise to the company. It also cites sluggish consumer spending. The company says, though, it has secured $250 million in financing from Bank of America, which will allow it to pay for shipments of merchandise for the back-to-school and holiday shopping seasons The retailer - America's largest family-owned independent department store - has stores in Pennsylvania, New York, New Jersey, Maryland, Delaware and Virginia. In a statement on July 29th, when asked about the store's financial situation, officials with Boscov's said "it is currently working with its lenders and advisors exploring a range of alternatives to improve our company's financial base". Boscov's is the nation's largest family-owned, full-service department store chain with 49 locations. The store's roots date back to 1911 when founder Solomon Boscov sold items in Berks and Lancaster counties using a horse and wagon. Eventually the first store was created at 9th and Pike Streets in Reading. Boscov's first expanded outside of reading in 1972 by opening a store in Lebanon. The other Boscov's stores that are closing are: MARYLAND Marley Station Mall, Glen Burnie Owings Mills Mall, Owings Mills White Marsh Mall, Baltimore NEW JERSEY Monmouth Mall, Eatontown PENNSYLVANIA Harrisburg East Mall, Harrisburg Monroeville Mall, Monroeville Montgomery Mall, North Wales Oxford Valley Mall, Langhorne South Hills Village Mall, Bethel Park VIRGINIA Piedmont Mall, Danville |
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Joined: 06 Jan 2008
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| Posted: Mon Aug 04, 2008 10:34 pm Post subject: | |
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They r dropping like flies!
Bankruptcies Declared: Linens N Things Steve & Barry's Boscov's Sharper Image Mervyn's Goody's Shoe Pavilion Bennigans and Steak & Ale (not retailers, but similar concept they r retailers of prepared food) 
Friedman's Other major retailers Ann Taylor Pier 1 Imports Starbucks Dillard's The Home Depot Zales Have all announced major store closings. Pier 1 could close over 100 stores! Store closings are new at retailers such as Starbucks which typically only closed for relocation or The Home Depot who has never shuttered a single store before. (Store at Home Depot liquidate when the store is moving) Even Dillard's is announcing major store closings - having closed 3 Tennessee locations this year alone (which is unique to Dillard's, they usually don't close stores). Macy's doesn't appear to the only "ill" retailer. |
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Joined: 20 Jan 2008
Posts: 296
| Posted: Mon Aug 04, 2008 10:44 pm Post subject: | |
| I thought Belk was the largest family-owned department store in the country. | |
Joined: 06 Jan 2008
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Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Mon Aug 04, 2008 10:45 pm Post subject: | |
| So did I. Boscov's doesn't begin to compare to the size of Belk. | |
Joined: 06 Jan 2008
Posts: 1414
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Mon Aug 04, 2008 10:51 pm Post subject: | |
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As a matter of fact their list of store closings - 10 store's - I only found 9, 7 of them are former Macy's or Federated/May companies and most of them opened in 2006 as a result of the Macy's merger.
Bambergers/Macy's Macy's Bamberger's/Macy's Abraham and Strauss/Stern's Gimble's/Kaufmann's Jc Penney Gimble's/Kaufmann's John Wanamaker/Hecht's/Strawbridges Ames |
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Joined: 06 Jan 2008
Posts: 1236
Location: A Place Where No Thongs Are Not Allowed
| Posted: Tue Aug 05, 2008 2:12 am Post subject: | |
| Pier 1 is closing stores? I love Pier 1. I hope mine doesn't close! | |
Joined: 14 Jan 2008
Posts: 299
| Posted: Tue Aug 05, 2008 5:52 am Post subject: | |
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LOVE pier 1 too. !!!
went into our local linens & things yesterday..liquidation . they're at 40% mostly and the store was almost wiped out !!! waited too long to go, but did get some beautiful Nate Berkus bedding stuff at 70 % off. that's cuz his stuff is so expensive. got some real cool pillow shams that look like sweaters. mmmmmm so cool . |
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Joined: 06 Jan 2008
Posts: 1236
Location: A Place Where No Thongs Are Not Allowed
| Posted: Tue Aug 05, 2008 12:49 pm Post subject: | |
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I can't believe Linensnthings is closing. They have the best stuff!
Normarae, your pillows are going to look so good! |
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Joined: 28 Jan 2008
Posts: 387
Location: Somewhere in Nantucket...until I sat on a bucket...
| Posted: Tue Aug 05, 2008 3:46 pm Post subject: | |
| Mervyn's too? Oh so sad! | |
Joined: 03 Jan 2008
Posts: 856
Location: ole wrap stand
| Posted: Wed Aug 06, 2008 2:03 am Post subject: | |
Pretty soon there wont be choices..to be had to shop at.. 
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Joined: 06 Jan 2008
Posts: 1414
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Wed Aug 06, 2008 2:38 am Post subject: | |
| I am going to go to IKEA soon if it kills me. Pier 1 is nice, I love their stuff but so do they. I like Linens N Things but the one here is too expensive. I usually go to Kohl's or Macy's when I need housewares. | |
Joined: 03 Jan 2008
Posts: 856
Location: ole wrap stand
| Posted: Thu Aug 07, 2008 2:37 pm Post subject: | |
How soon will that be ...to go to Ikea..As fast as grease lightling.. 
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Joined: 28 Jan 2008
Posts: 387
Location: Somewhere in Nantucket...until I sat on a bucket...
| Posted: Thu Aug 07, 2008 7:44 pm Post subject: | |
| I still can't get that IKEA commercial out of my head where the lady is screaming, "START THE CAR!", when she realizes she's saving a bundle! | |
Joined: 06 Jan 2008
Posts: 1236
Location: A Place Where No Thongs Are Not Allowed
| Posted: Thu Aug 07, 2008 9:36 pm Post subject: | |
| Wait 'till she gets home and realizes that you have to put all of the stuff together, and the instructions do not come in English! My husband fusses every time I buy something there. | |
Joined: 04 Oct 2006
Posts: 47
| Posted: Fri Aug 08, 2008 3:31 am Post subject: | |
| Just wait till you need screws and such. And your local lowes or home depot doesnt carry them. | |
Joined: 14 Jan 2008
Posts: 299
| Posted: Fri Aug 08, 2008 4:18 am Post subject: | |
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i'm looking at my brackets for my shelves i bought and the name of the brackets are ..... bjarnum (with 2 dots over the A). it's all in swedish. YAH, is good, no ??
still love it anyway. 
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Joined: 03 Jan 2008
Posts: 856
Location: ole wrap stand
| Posted: Fri Aug 08, 2008 1:37 pm Post subject: | |
This dont look good when nothing is ENGLISH.. and Lowes dont carry it or Home Depot..  .. This is a time to have a nip or two and close your eyes and put it together the old fashion Amercian way..lol..
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Joined: 03 Jan 2008
Posts: 856
Location: ole wrap stand
| Posted: Fri Aug 08, 2008 1:39 pm Post subject: | |||
She must be the little old lady from Passadena..vwg
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Joined: 28 Jan 2008
Posts: 387
Location: Somewhere in Nantucket...until I sat on a bucket...
| Posted: Fri Aug 08, 2008 4:10 pm Post subject: | |
| Yeah on her ten speed bike! | |
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Posts: 1414
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Sun Aug 10, 2008 11:16 pm Post subject: | |
| I want to go to IKEA! This isn't fair! I will even take up Swedish to go or marry a girl from Sweden! | |
Joined: 06 Jan 2008
Posts: 1236
Location: A Place Where No Thongs Are Not Allowed
| Posted: Mon Aug 11, 2008 1:23 am Post subject: | |
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So why don't you go already? What's keeping you from going to IKEA? I'll probably go one day this week, b/c my girlfriend just got a new house and she needs some new stuff. She's got five thousand to spend on furniture, so this should be fun!
I'm just there for moral support, and of course, my awesome interior design abiltiy. But I am going to get a bookcase that I have been wanting for awhile. BTW, I still haven't gotten my new catalog! FOM, do you want me to pick up a catalog for you when I go? |
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Joined: 06 Jan 2008
Posts: 1414
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Mon Aug 11, 2008 1:35 am Post subject: | |
| I would love that! I actually emailed the IKEA in Atlanta and they are sending me one I hope. I may break down and go one Saturday, I want to go to Bloomingdale's also. School started, so thats why I haven't even been on here in nearly a week. I had to write a trillion lesson plans for next week. | |
Joined: 06 Jan 2008
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Location: A Place Where No Thongs Are Not Allowed
| Posted: Mon Aug 11, 2008 2:34 am Post subject: | |
| Why are you guys starting school so early? | |
Joined: 28 Jan 2008
Posts: 387
Location: Somewhere in Nantucket...until I sat on a bucket...
| Posted: Tue Aug 12, 2008 2:18 am Post subject: | |||
Must be a year round scheduling where there is more breaks in between? 
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Joined: 06 Jan 2008
Posts: 1414
Location: It's NewDepotGuy - Using Acid to open Polli's special safe!
| Posted: Tue Aug 12, 2008 2:44 am Post subject: | |
| High School Football dictates that schools start earlier than they used to. Seriously though - every school I know of started today or tomorrow or last week. My old high school has been back almost 2 weeks. | |