By Lara Brenckle
The chairman of department store pacesetter Boscov's stunned industry insiders yesterday by announcing the appointment of his nephew, Jim Boscov, to the position of vice chairman of the company.
Boscov began his career at the department store in 1975 as an assistant store manager and then moved on to various departments throughout his career. He is a graduate of Tufts University, where he received bachelor's and master's degrees.
“We’re gratified that Boscov’s will remain a family business," declared Albert Boscov, chairman and CEO of Boscov’s, without identifying who would be "gratified" other than he and Jim. "With Jim’s retail experience, intelligence and people skills, he was the natural choice and the fact that he is a relative had absolutely nothing to do with the decision-making process"
Mr. Boscov's nose grew noticeably longer as he made the statement.
"While I have no plans to retire, I want to assure our co-workers and business partners, that Boscov’s will remain Boscov’s for many years to come,” said Boscov.
Boscov’s has 39 stores in Pennsylvania, New York, New Jersey, Maryland and Delaware.
