Boscov’s CEO hands reins to nephew, Jim Boscov

New York -- Boscov’s Department Store believes in keeping it in the family. Albert Boscov, 85, has resigned as CEO of the company, and been succeeded by his nephew, Jim Boscov. The new chief, who will continue to serve as vice chairman, is the third generation of the family to lead the privately held business which was founded more than 100 years ago.



“Jim has more than 40 years of experience in almost every area of the retail industry," stated Al Boscov, who will retain his title as chairman. "In addition to an intimate knowledge of every aspect of our business, he brings a true collaborative spirit that brings the best out of everyone on the team. With Jim at the helm, I'm very confident in the future of Boscov's."



Boscov’s operates 43 stores in six states: Pennsylvania, New Jersey, New York, Maryland, Delaware and Ohio. It plans to open a new store later this year, in Meriden, Connecticut.