How Boscov's was saved
Friday, November 27, 2009 at 08:28AM 
From Philly.com, a terrific in-depth look at how the department store chain was brought back from the abyss:
There was, conventional wisdom said, no realistic way to rescue its thousands of regional employees, dozens of stores, or century-old legacy. No money. No banks willing to step into the economic meltdown with emergency loans. No hope.
But in crunching the numbers that spelled doom for the nation's largest family-owned department-store chain, the doubters underestimated the power of a pint-sized 79-year-old man.
Had their spreadsheets been able to tabulate big-time heart and brains, they would have predicted a different outcome. Because Al Boscov is no ordinary businessman.
"I can dance, I can sing," Boscov joked later in a Manhattan elevator, tap-dancing in a charcoal suit to an absurd ditty about saving the company. The vaudevillian flash ended as the doors opened. "That's what did it," he said, and hopped out.
The story demands a movie. Danny DeVito, anyone, as Albie?
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Reader Comments (7)
Regarding the picture:
Zeke's is bigger than yours! Size matters.
Well! The "Tiger" got clawed by his wife. Seems like he is
having an affair with an alley cat. (A blonde one).
Can't wait for the spin. He probably didn't have a golf ball to
suck on when he was a baby.
Tiger got caught with his "putter" hanging out!
WHERE DID EVERYONE GO? IS THIS BLOG A DEAD DUCK?
"For 3rd time, Woods cancels meeting with police"
Maybe Tiger is waiting for Obammie's spin doctors to come up with a good story!
Film at 11:00, er, 12:00, er, 1:00 ...
I did not have sex with that golf club.
Just imagine, by the City workers DELAYING a pay check for two weeks, the City will save 21 jobs!
Just imagine. Anyone interested in buying my bridge in Brooklyn?
No wonder the City is bankrupt, with that fuzzy logic!
Boscov's is saved. Hundreds of old ladies can now sleep at night again...