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Regional department store chain Boscov's filed for bankruptcy protectionAugust 4. The chain was a victim of boom-time financing mistakes, leveraging itself in too many directions without a fallback plan for an economic downturn.

The 89-year-old retailer plans to liquidate 10 stores as part of its restructuring. Affiliate companies like Boscov's Business Travel are being consolidated.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on August 11, 2008 11:07 AM.

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