Even as the industry digested the news of a bankrupt Mervyns, rumblings grew of another potential Chapter 11 filing by a major retailer: Boscov’s Department Stores.

Sources told WWD that Boscov’s could file for bankruptcy as early as Monday, depending on whether it is able to secure a cash transfusion. Sources also said the owning families might inject more cash into the chain to prevent a bankruptcy filing, but after making a nearly $30 million contribution within the last month, there’s a greater chance that additional capital might not be forthcoming.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus