Boscov's
Template:Short description Template:Use mdy dates {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} Boscov's Inc. is a family-owned department store with over fifty locations in Pennsylvania, New York, New Jersey, Delaware, Maryland, Ohio, Connecticut, West Virginia, and Rhode Island. Twenty-six of the stores are located in Pennsylvania.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Corporate headquarters are located in Exeter Township, Pennsylvania, near Reading. The company chairman is Jim Boscov, who took over after his uncle Albert Boscov retired.<ref name="AllabaughRight"/>
HistoryEdit
Solomon "Sol" Boscov was of Jewish descent. He emigrated from Russia to Reading, Pennsylvania, in 1911.<ref name="Berksiana. Charles Schuyler Castner 1976. Page 321">Charles Schuyler Castner. Berksiana. 1976, p.321.</ref> He had $1.37 in cash (equal to $Template:Inflation today) on arrival in the United States.<ref name="Berksiana. Charles Schuyler Castner 1976. Page 321" /> He worked as a traveling salesman with an initial $8 worth of merchandise. Because he spoke Yiddish, he was able to converse with people in Berks County who spoke Pennsylvania Dutch.<ref name="Berksiana. Charles Schuyler Castner 1976. Page 321" /> Boscov's fortunes changed in 1914 when he opened the first Boscov's store at 9th and Pike streets in Reading.<ref>Berksiana. Charles Schuyler Castner. 1976. Page 319</ref><ref name="tleader">Template:Cite news</ref> A Pennsylvania Historical Marker commemorating Solomon Boscov stands at the site of the original store.<ref name="PAHMDB">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Boscov's began expanding throughout suburban Reading in the 1960s, with Boscov's West in Sinking Spring opening in 1962 and Boscov's North at the Reading Fairgrounds in Muhlenberg Township in 1965.Template:Citation needed Boscov's East along 9th Street in Reading was destroyed by fire in February of 1967 and was replaced by a new Boscov's East in Exeter Township nine months later.Template:Citation needed Boscov's West was destroyed by fire in November of 1967 and reopened twelve months later.<ref name=eagle>Template:Cite newsTemplate:Dead link</ref>
By the end of 1968, Boscov's had five stores, 2,200 workers, and annual sales exceeding $50 million.<ref name="Berksiana. Charles Schuyler Castner 1976. Page 323">Berksiana. Charles Schuyler Castner. 1976. Page 323</ref> Solomon Boscov retired and was succeeded by his son Albert "Albie" Boscov as the head of the company in 1960.<ref name="Berksiana. Charles Schuyler Castner 1976. Page 323"/><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The first Boscov's outside of Berks County opened at the Lebanon Valley Mall in Lebanon, Pennsylvania, in 1972.<ref name=eagle/> Boscov's bought Fowler, Dick and Walker, the Boston Store in 1980. One of Wilkes-Barre's last remaining downtown department stores, it was Boscov's first multi-story store.<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Boscov's opened its first location outside Pennsylvania at the Dover Mall in Dover, Delaware, in 1982.<ref name=eagle/> Boscov's entered the Philadelphia market directly in the late 1980s by opening Ports of the World stores<ref>Template:Cite news</ref> which were re-branded as Boscov's in the 1990s.
In 1983, Boscov's leased the dormant Fowler's building in downtown Binghamton, New York; this store, with five retail floors, is the flagship of the Boscov's chain.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In 2002, Boscov's opened at the Berkshire Mall in Wyomissing, replacing a Strawbridge's store.<ref name=eagle/> As a result, Boscov's West in Sinking Spring closed.<ref name=eagle2>Template:Cite newsTemplate:Dead link</ref>
In 2006, Albert Boscov retired and his nephew Kenneth Lakin became chairman and chief executive. Lakin led an aggressive expansion, opening ten new stores by 2008. Boscov's acquired these locations from Federated Department Stores following its merger with The May Department Stores Company.<ref name=eagle/> The new stores opened just prior to the 2008 economic downturn and Boscov's filed for Chapter 11 bankruptcy.<ref>Template:Cite news</ref> Albert Boscov came out of retirement and regained control of the company. As part of the bankruptcy, the new stores were shuttered, although two were later reopened.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The company emerged from bankruptcy in September of 2009.<ref>Template:Cite news</ref>
State | Template:Abbr of locations |
---|---|
Connecticut | 2 |
Delaware | 3 |
Maryland | 4 |
New Jersey | 8 |
New York | 4 |
Ohio | 2 |
Pennsylvania | 26 |
Rhode Island | 1 |
West Virginia | 1 |
Albert Boscov died from pancreatic cancer in 2017 at the age of 87.<ref>Template:Cite news</ref> The chain is now headed by his nephew, Jim Boscov.<ref name="AllabaughRight">Template:Cite news</ref>
Boscov's continuing success makes it regarded as somewhat of an "outlier" because many department store retailers have been pulling back on brick-and-mortar formats. Boscov's saw record sales of $1.2 billion in 2017. Since 2009, the chain continues to expand and plans to continue to open one store per year while investing in existing stores by renovating them.<ref name="AllabaughRight"/>
Boscov's moved into the Providence Place mall in downtown Providence, Rhode Island in 2019.<ref name= "Nordstrom">Template:Cite news</ref> In 2021, Boscov's opened at Eastwood Mall in Niles, Ohio<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> a year later than planned due to the COVID-19 pandemic. Boscov's 50th store, and the first to be located in West Virginia, opened in Bridgeport in 2023.<ref>"Boscov’s officially opens in Bridgeport", Metro News, October 7, 2023</ref> In 2025, Boscov’s announced their 51st store will open in the autumn of 2025 at The Mall at Greece Ridge in Rochester.
Civic affairs and charitable givingEdit
During the 1970s, Boscov's launched its "Friends Helping Friends" program, an annual fundraising event which raises $1 million per year for non-profit organizations.<ref>Mallett, Karin. "Boscov’s holds annual ‘Friends Helping Friends’ fundraiser." Allentown, Pennsylvania: WFMZ-TV, October 19, 2022.</ref><ref>"Boscov’s sets goal of $1M for charity with Friends Helping Friends event Wednesday." Martins Ferry, Ohio: The Times Leader, October 18, 2022.</ref>
Jazz festivalEdit
Boscov's sponsors the annual "Boscov's Berks Jazz Fest" which draws an estimated 40,000 people to Reading each year.<ref name="LongArea">Template:Cite news</ref><ref name="VasilNight">Template:Cite news</ref>
Thanksgiving Day ParadeEdit
When Gimbels went out of business in 1986, WPVI-TV and Boscov's took over the sponsorship of the Philadelphia Thanksgiving Day Parade. Boscov's remained as co-sponsor for over twenty years.
In popular cultureEdit
The Boscov's in Camp Hill, Pennsylvania was used to represent the fictional department store Illustra in the 1987 film Mannequin.
Boscov's is mentioned in the Season 3 episode Kimmy Steps on a Crack! of the Netflix comedy series Unbreakable Kimmy Schmidt.<ref>Template:Cite magazine</ref>
Boscov's is also mentioned in NBC's The Office, Season 5, Episode 25, “Casual Friday”.
ReferencesEdit
External linksEdit
Template:Department stores in the United States Template:Philadelphia Corporations Template:Reading, Pennsylvania Template:Authority control