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Economy & Business

What's Next For Boscov's After Retail Titan's Death

Carolyn Kaster
Al Boscov is photographed during an interview at his Boscov's department store in Reading, Pa., Thursday, Dec. 18, 2008.

Albert Boscov was the public face of a department store chain he built from a single corner store in downtown Reading, Pennsylvania, to a regional powerhouse with locations in seven states and more than $1 billion in annual sales.

After his death Friday at age 87, Boscov leaves behind a chain with devoted customers and a tremendous amount of civic goodwill. But the century-old company still faces the headwinds that are buffeting the industry. Analysts say Boscov's long-term prospects are uncertain.

Few department stores have been more closely identified with their owners than Boscov's was with Albert Boscov, a cheerful executive who roamed the store aisles and was intimately familiar with his merchandise.

His nephew, who took over as CEO in 2015, says Boscov's will remain in the family.