Boscov's seeks bankruptcy protection

Boscov's seeks bankruptcy protection

There are 11 comments on the The Morning Call story from Aug 5, 2008, titled Boscov's seeks bankruptcy protection. In it, The Morning Call reports that:

When Boscov's purchased the Strawbridge's store at the Lehigh Valley Mall in 2006, the Reading area retailer prided itself on bucking the trend of national department stores consolidating and pulling back on ...

Join the discussion below, or Read more at The Morning Call.

The River

Whitehall, PA

#2 Aug 5, 2008
I always felt that Boscovs was a decent store.
Most department stores in general build heir business around artificially inflating the egos of their customers. "You are a more complete person if you buy X product." "Everybody else has one, you should too." "You deserve it."
Right now the choice is $40 jeans or filling your gas tank. This time period will serve the country well in that it will perhaps put life back into perspective for many. I never understood the desire to buy $100 shoes or a $50 shirt. Go ahead a purchase those luxury items, but don't go crawling back to the govt (we the taxpayers )for a bail out when the debt comes crashing down like tidal wave.
Old Berks customer

Harrisburg, PA

#3 Aug 5, 2008
The founder and his wife had started with a small shop in downtown Reading. Later when they went big in the late 60's, it was a pleasure to visit their stores in the region. Family had positive impact on philosophy and variety. Ah, like Two Guys and Woolworth's.
forgetful

Allentown, PA

#4 Aug 5, 2008
The River wrote:
I always felt that Boscovs was a decent store.
Most department stores in general build heir business around artificially inflating the egos of their customers. "You are a more complete person if you buy X product." "Everybody else has one, you should too." "You deserve it."
Right now the choice is $40 jeans or filling your gas tank. This time period will serve the country well in that it will perhaps put life back into perspective for many. I never understood the desire to buy $100 shoes or a $50 shirt. Go ahead a purchase those luxury items, but don't go crawling back to the govt (we the taxpayers )for a bail out when the debt comes crashing down like tidal wave.
I, too, have always liked Boscov's. They always carried a wide range of clothing from Brand name to generic. But, I just knew that the program they ran for cashing stemulis checks was not going to fly (and I'm not an economics major or CPA) and I'd bet that program contributed a lot to their demise. Hope they can pull out of this, but I feel badly for all those losing their jobs.
They depend on those checks.
judyjetson

Easton, PA

#5 Aug 5, 2008
I also enjoy Boscov's. I don't think it even compare to BonTon or Macy's. Yes, BonTon and Macy's have sales that CAN be decent but I have always found the better deals at Boscov's. Their people seem friendlier and more helpful, too. I also agree that gas has become to high to just spend, spend and spend some more on "luxury" items. But that said, if I need an outfit for work or a nice dress or a good pair of shoes I go to Boscov's. If I need a tank top for the weekends or shorts to lounge in, I go to Wal-Mart. You CANNOT find everything at Wal-Mart...and even if you can find a dress or shoes etc. there it won't be of the same quality. It's good for some items but not all. I think the bottom line is that people go where the best deals are at. I will always take Boscov's (and Wal-Mart) over other stores though. I really hope Boscov's survives. I won't find the "deals" at any other department store.
Did you Boscov today

Hazleton, PA

#6 Aug 5, 2008
Al Boscov is a well revered man in Reading and Berks County. He has done more for Berks than almost anyone else in the last 30 years.
I hope his company can weather the storm so he can continue his philanthropic and other work.
Saddened Customer

Buffalo, NY

#7 Aug 5, 2008
A nice store. It's too bad. Keep in mind that Chapter 11 does not necessarily mean they are gone. Many companies emerge from Chap 11 and go on to thrive. However, in retail, and this current economic downturn, it will be difficult. A possible outcome could be that eventually the chain folds or gets absorbed by a larger chain (groan--not another Macy's clone).

The stimulus rebate promo was a real boon to the customer, and I agree that the error there was in giving the customer Cash for the $600 and a gift card -- they should have required the purchase of at least half or more of the stimulus check as a Boscov gift card. However, that program is a drop in the bucket in what the company faced in terms of liquidity. Companies called "factors" control shipment of goods to retailers, and key factors turned the tap off for Boscov's.

Ironically,$40 jeans are not considered a luxury by many--many jeans are now in excess of $200, and the super-premiums are $400 and up.
The River

Whitehall, PA

#8 Aug 5, 2008
Saddened Customer wrote:
A nice store. It's too bad. Keep in mind that Chapter 11 does not necessarily mean they are gone. Many companies emerge from Chap 11 and go on to thrive. However, in retail, and this current economic downturn, it will be difficult. A possible outcome could be that eventually the chain folds or gets absorbed by a larger chain (groan--not another Macy's clone).
The stimulus rebate promo was a real boon to the customer, and I agree that the error there was in giving the customer Cash for the $600 and a gift card -- they should have required the purchase of at least half or more of the stimulus check as a Boscov gift card. However, that program is a drop in the bucket in what the company faced in terms of liquidity. Companies called "factors" control shipment of goods to retailers, and key factors turned the tap off for Boscov's.
Ironically,$40 jeans are not considered a luxury by many--many jeans are now in excess of $200, and the super-premiums are $400 and up.
$40 for jeans is a luxury for me!!! And my wife and I are blessed to make good money in life.... we would never consider paying that amount for jeans. If I won $10 million in the lottery, I would still buy the same $15 -$20 jeans at Kohls clearance sales!
I bet those $200 jeans are still made in the same third world sweat shops!
doggie

AOL

#9 Aug 6, 2008
If you want good quality customer service, go to Sax Fifth Ave in the city. I prefer it over most other dept stores.
Sam Walton

Hazleton, PA

#10 Aug 6, 2008
doggie wrote:
If you want good quality customer service, go to Sax Fifth Ave in the city. I prefer it over most other dept stores.
Saks is whack.
Misterowe

Bear, DE

#11 Aug 6, 2008
Saddened Customer wrote:
A nice store. It's too bad. Keep in mind that Chapter 11 does not necessarily mean they are gone. Many companies emerge from Chap 11 and go on to thrive. However, in retail, and this current economic downturn, it will be difficult. A possible outcome could be that eventually the chain folds or gets absorbed by a larger chain (groan--not another Macy's clone).
The stimulus rebate promo was a real boon to the customer, and I agree that the error there was in giving the customer Cash for the $600 and a gift card -- they should have required the purchase of at least half or more of the stimulus check as a Boscov gift card. However, that program is a drop in the bucket in what the company faced in terms of liquidity. Companies called "factors" control shipment of goods to retailers, and key factors turned the tap off for Boscov's.
Ironically,$40 jeans are not considered a luxury by many--many jeans are now in excess of $200, and the super-premiums are $400 and up.
Anyone who pays $200 for a pair of jeans has more money than brains.
Grumpy Harridan

New York, NY

#12 Aug 7, 2008
I spent $200 for a pair of jeans once: $18 for a pair of Wranglers at KMart, and $182 to attend a diet class after I saw how bad I looked wearing them.

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