Suppliers halting shipments to Boscov’s

August 7, 2008

Half the major suppliers to Boscov’s, a family-held Reading, Pa.-based department store with stores across the mid-Atlantic, have halted merchandise shipments for lack of payments. They have been considering bankruptcy despite a cash infusion of $28 million three weeks ago.

This is going to be one cold winter for many of us… this recession isn’t going anywhere soon.