READING, Pa. - (Business Wire) Boscov’s Department Store, LLC (Boscov’s) announced today the completion of the sale of substantially all of its assets to a family group led by Albert Boscov and Edwin Lakin.
“I am thrilled to be once again heading the company that I spent 50 years building along with a tremendous team of co-workers whose commitment has been immeasurable,” said Chairman and CEO Albert Boscov. “The completion of the sale provides us with the solid financial footing necessary to rebuild the Company and prosper this holiday season and beyond. I am optimistic about the future of Boscov’s and am very appreciative of the kind words and support from customers and neighbors and the hard work and commitment of our co-workers throughout this process.”
“Our Thanksgiving weekend sales were very strong and we are well-stocked with quality merchandise and brand names at great prices for the holiday season,” continued Boscov.
About Boscov’s
Boscov's, with 39 stores in Pennsylvania, New York, New Jersey, Maryland and Delaware, has been providing customers with a wide selection of merchandise, competitive prices and superior service for nearly a century. The Company is committed to the communities it serves and has a long and distinguished history of civic and charitable activities. Boscov’s serves consumers across the country with a robust online shopping capability as well. For more information or to shop online please visit www.boscovs.com.
MWW Group
Rich Tauberman / Susan Kenney
202-585-2282 / 201-964-2392
rtauberman@mww.com / skenney@mww.com
