Boscov’s Department Store, the Reading, Pa.-based chain, named Jim Boscov, a member of its founding family, as vice chairman.
This story first appeared in the April 25, 2011 issue of WWD. Subscribe Today.
The promotion positions Boscov as the prime candidate to be the next chairman and chief executive officer, succeeding Albert Boscov, who is 81 and the son of Solomon Boscov, a Russian immigrant who founded the company in 1911 by selling goods from a horse-drawn wagon. Jim is Albert’s nephew.
“We’re gratified that Boscov’s will remain a family business,” said Albert Boscov. “With Jim’s retail experience, intelligence and people skills, he was a natural choice. While I have no plans to retire, I want to assure our co-workers and business partners that Boscov’s will remain Boscov’s for many years to come.”
Jim Boscov’s position is a new one. He was assistant to the chairman, where his responsibilities included advertising, special projects, recycling initiatives and director of leased departments. He will continue in those areas as well as handle e-commerce and additional responsibilities.
He has more than 30 years of experience in department and specialty stores and outlets, having started his career at Boscov’s in 1975 as an assistant store manager and shifted to various roles including store planning and construction, director of the food service, optical, hearing and hair centers, home fashions buyer, merchandise manager of fragrances and cosmetics, store management and director of advertising.
Boscov’s is a traditional department store, with 39 units in Pennsylvania, New York, New Jersey, Maryland and Delaware. Albert Boscov came out of retirement in 2008 to pull Boscov’s out of bankruptcy.