Gift cards, product warranties and bridal registries OK at Boscov's
The thing consumers want to take away from yesterday's news that Boscov's filed for bankruptcy is that while the Reading, Pa.-based department store will close ten underperforming stores immediately, your current gift cards, product warranties and bridal registries will be honored.
Boscov's blames the downturn in the economy and drop in consumer spending for its ailments, causing it to close three Maryland stores just a couple years after opening here.
The stores affected are in White Marsh Mall, Marley Station Mall and Owings Mills Mall. As our story says, the company's other Maryland stores - in Westminster, Frederick and Salisbury - will remain open. Boscov's also has stores in Pennsylvania, Delaware, Virginia, New York and New Jersey.
I confess I never shopped in Boscov's because I'm not much of a mall shopper, but losing a major department store anchor is always bad news for malls. On a side note related to the news industry, it's also bad news for newspapers since that means less advertising for papers.
(sigh) Now, I wish I had shopped at Boscov's once in awhile.
Categories: Economy, Gift cards, Shopping
