Boscov's Department Store, LLC · Reading, PA United States
Company Description
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This link will open in a new window Outlet mall capital Reading, Pennsylvania, has conceived more than bargain shopping. It's given us Boscov's Department Store, which operates about 40 stores that anchor malls mainly in Pennsylvania and four other mid-Atlantic states. The stores sell men's, women's, and children's apparel, shoes, and accessories, as well as jewelry, cosmetics, housewares, appliances, toys, and sporting goods. It also operates an online store. Boscov's was founded by Solomon Boscov in 1911 and is jointly owned by the Boscov and Lakin families. Despite management's best efforts to keep its struggling business afloat, Boscov's filed for Chapter 11 bankruptcy protection in August 2008 and closed about 10 of its department stores. To read the full description, subscribe now.
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Key Boscov's Department Store, LLC Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | January |
| Employees | 9,400 |
Boscov's Department Store, LLC Executives
20 executives listed for Boscov's Department Store, LLC's Reading, PA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Albert Boscov | Network |
| Co-President and Chief Merchandising Officer | Burton Krieger | Network |
| Co-President and Chief Administrative Officer | Samuel Flamholz | Network |
Competition
Competitive Landscape for Boscov's Department Store, LLC
Jewelry sales depend partly on consumer income. Small jewelers can effectively compete with large chains because price isn't the main factor determining sales. Profitability depends on merchandising and effective marketing. Jewelry is sold not only by specialized jewelry retailers, but also by department stores and mass merchants. Because regular gross margins are very high, often 50 percent, mass merchants have been able to cut prices and take market share. Wal-Mart is the largest jewelry retailer in the US. To read the full description, subscribe now.Top Boscov's Department Store, LLC Competitors
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