Major appliances will be making way for more couches and dining room sets as department store giant Boscov's will begin phasing out video and household appliances beginning on Thanksgiving.
Jim Boscov, vice chairman of the company, said during a phone interview on Thursday that the decision came as a result of declining appliance sales and a burgeoning furniture market. Still, the company will remain in the service business for electronics and appliances.
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Boscov's Given Tupelo Furniture Market Award
August 20, 2011
A department store chain in the northeast U.S. was honored Friday evening at the Tupelo Furniture Market. Boscov's was presented the National Buyer's Appreciation Award. It's given to a buyer who has gone above and beyond to support local furniture manufacturers. The honor is awarded twice a year during each session of the market.
Boscov’s Closing 10 Stores
Boscov’s Department Stores, which sell a wide range of furniture, announced last week that 10 of its 49 stores are being shut down as part of the company’s restructuring plan. The Reading, Pa.-based chain is closing five stores in Pennsylvania, three in Maryland and one each in New Jersey and Virginia. A joint venture led by Gordon Brothers Group and Hilco Merchant Resources is handling the closing sales. Boscov’s, the nation’s largest family-owned department store chain, filed for Chapter 11 bankruptcy reorganization in early August.