Suppliers halting shipments to Boscov\'s

[ameskmart1]

LONDON (MarketWatch) -- About half the major suppliers to Boscov's, a family-held Reading, Pa.-based department store with stores across the mid-Atlantic, have halted merchandise shipments for lack of payments, The New York Post reported Friday, citing unnamed sources. In addition, big commercial lenders including CIT, GMAC and Milberg have stopped guaranteeing deliveries to Boscov's stores, the report added. Sources say Boscov's management is still looking for alternatives to a bankruptcy filing, including the closing of up to 10 money-losing stores, and the family that runs the store injected $28 million into it three weeks ago.

http://www.marketwatch.com/news/story/suppliers-halting-shipments-boscovs-report/story.aspx?guid={A0E19F2F-4201-408A-808A-A3E55C3C72D7}&dist=msr_1

[d_fife]

Originally posted by ameskmart1
LONDON (MarketWatch) -- About half the major suppliers to Boscov's, a family-held Reading, Pa.-based department store with stores across the mid-Atlantic, have halted merchandise shipments for lack of payments, The New York Post reported Friday, citing unnamed sources. In addition, big commercial lenders including CIT, GMAC and Milberg have stopped guaranteeing deliveries to Boscov's stores, the report added. Sources say Boscov's management is still looking for alternatives to a bankruptcy filing, including the closing of up to 10 money-losing stores, and the family that runs the store injected $28 million into it three weeks ago.

http://www.marketwatch.com/news/story/suppliers-halting-shipments-boscovs-report/story.aspx?guid={A0E19F2F-4201-408A-808A-A3E55C3C72D7}&dist=msr_1

OH no!!! that is sad! I saw one under construction in Hanover PA last March and   I REALLY LOVED THE BIG ONE IN BINGHAMTON (IN DOWNTOWN).

[videogamer75]

Oh man, I hope they don't G.O.B. They are an anchor in a lot of PA and NJ malls.