Jim Boscov has been named the chief executive officer of the chain that bears his name, Boscov’s Department Stores.
He succeeds his uncle, Albert Boscov, who continues as chairman and is the son of the founder of the store, Solomon Boscov.
Boscov’s, based in Reading, Pa., operates 43 department store chain, the bulk of which are in Pennsylvania. Stores also operate in New York, New Jersey, Maryland, Delaware and Ohio. This fall, the company will open a store in Meriden, Conn.
Albert Boscov said he will remain active in the business. His nephew will also continue to hold the title of vice chairman.
“I’ve been fortunate to have a very close working relationship with Albert for many years and our ability to continue working side-by-side, as I take on additional responsibility, ensures a smooth transition,” said Jim.
“Jim has more than 40 years of experience in almost every area of the retail industry. In addition to an intimate knowledge of every aspect of our business, he brings a true collaborative spirit,” said Albert.
Boscov’s, one of the last family-owned department store chains in the U.S., competes in mid-Atlantic markets with such stores as Bon-Ton and J.C. Penney. It filed bankruptcy in 2008, emerged from bankruptcy over a year later, and has revenues exceeding $1 billion.