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Boscov's acquired these locations from Federated Department Stores following the merger with The May Department Stores Company. [7] The new stores opened just prior to the 2008 economic downturn and in August 2008, Boscov's filed for Chapter 11 bankruptcy. [15] Albert Boscov came out of retirement and regained control of the company.
In August 2008, Boscov's filed for Chapter 11 Bankruptcy, citing deteriorating consumer and credit conditions during the economic crisis of 2008. In October 2008, Albert Boscov and his brother-in-law Edwin Lakin both confirmed that they would be making a bid to purchase back the chain, competing against Versa Capital Management, Inc.
The Boscov's store closed in 2008 as part of their restructuring. [ 15 ] On October 15, 2018, Sears announced that its store would be closing as part of a plan to close 142 stores nationwide as a result of the company filing for Chapter 11 bankruptcy.
In August 2008, Boscov's Department Stores filed for Chapter 11 bankruptcy protection and planned to close several stores, due to financial problems from the widespread recession.
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JCPenney. Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is an American department store chain that operates 659 stores across 49 U.S. states and Puerto Rico. [3][4] Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, JCPenney Salon, JCPenney ...
Subsequently, R. H. Macy & Co., Inc., filed for Chapter 11 bankruptcy protection on January 27, 1992, after which point its banks brought in a new management team, which shut several underperforming stores, jettisoned two-thirds of the luxury I. Magnin chain, and reduced Macy's to two divisions, Macy's East and Macy's West.
Palmer Park Mall is a 349,000 square foot, enclosed mall located in Easton, Pennsylvania, one mile north of U.S. Route 22 on Pennsylvania Route 248. The center, which opened in 1972 and was expanded and redeveloped in 1982, is located on a 50-acre site, with 59 in-line stores (including an Eckerd Drug Store) anchored by The Bon-Ton.