Boscov's

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.

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.

History

Solomon "Sol" Boscov was of Jewish descent. He emigrated from Russia to Reading, Pennsylvania, in 1911.Charles Schuyler Castner. ''Berksiana''. 1976, p.321. He had $1.37 in cash (equal to $ today) on arrival in the United States. 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. Boscov's fortunes changed in 1914 when he opened the first Boscov's store at 9th and Pike streets in Reading. A Pennsylvania Historical Marker commemorating Solomon Boscov stands at the site of the original store.

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. 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. Boscov's West was destroyed by fire in November of 1967 and reopened twelve months later.

By the end of 1968, Boscov's had five stores, 2,200 workers, and annual sales exceeding $50 million.Berksiana. Charles Schuyler Castner. 1976. Page 323 Solomon Boscov retired and was succeeded by his son Albert "Albie" Boscov as the head of the company in 1960. The first Boscov's outside of Berks County opened at the Lebanon Valley Mall in Lebanon, Pennsylvania, in 1972. 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.

Boscov's opened its first location outside Pennsylvania at the Dover Mall in Dover, Delaware, in 1982. Boscov's entered the Philadelphia market directly in the late 1980s by opening Ports of the World stores 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.

In 2002, Boscov's opened at the Berkshire Mall in Wyomissing, replacing a Strawbridge's store. As a result, Boscov's West in Sinking Spring closed.

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. The new stores opened just prior to the 2008 economic downturn and Boscov's filed for Chapter 11 bankruptcy. 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. The company emerged from bankruptcy in September of 2009.

Albert Boscov died from pancreatic cancer in 2017 at the age of 87. The chain is now headed by his nephew, Jim Boscov.

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. Their strategy typically involves taking over spaces previously occupied by JCPenney and Sears.

Boscov's moved into the Providence Place mall in downtown Providence, Rhode Island in 2019. In 2021, Boscov's opened at Eastwood Mall in Niles, Ohio 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. 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 giving

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.

Jazz festival

Boscov's sponsors the annual "Boscov's Berks Jazz Fest" which draws an estimated 40,000 people to Reading each year.

Thanksgiving Day Parade

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 culture

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''.

Boscov's is also mentioned in NBC's ''The Office'', Season 5, Episode 25, “Casual Friday”.

Boscov’s is also mentioned in Netflix’s Tires, Season 2, Episode 03, “Inspection”.

References

External links

Official website

{{Authority control

1914 establishments in Pennsylvania
American companies established in 1914
Clothing retailers of the United States
Companies based in Reading, Pennsylvania
Companies that filed for Chapter 11 bankruptcy in 2008
Department stores of the United States
Economy of the Northeastern United States
Family-owned companies of the United States
Privately held companies based in Pennsylvania
Retail companies based in Pennsylvania
Retail companies established in 1914