Boscov's, the last department store chain based in this region, filed for Chapter 11 bankruptcy this morning, seeking protection from creditors while it slims down into a company that can compete successfully and provide high-quality goods and services.
The 50-store chain, based in Reading, is a presence at most area malls. It said in the filing that it plans to close about 10 unprofitable stores after liquidating their inventories with going-out-of-business sales.
That'll eliminate quite a few jobs.