Credit Crunch Drives Boscov's To Bankruptcy
Pennsylvania-based Boscov's, a family-owned department store chain, filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The retailer listed $538 million in assets and $479 million in liabilities in its Chapter 11 petition.
“Despite the cost savings, operational and merchandising improvements Boscov’s has put in place over the last few months,...
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