Seems like another family-owned department store has bit the dust in our uncertain economic climate. Boscov’s, as East Coast chain, has filed for bankruptcy with a plan to close 10 unprofitable stores and find a buyer for the company.

While many may think of Boscov’s as more their mother’s (or grandmother’s) store than a place they themselves shop, it’s still sad to see a business that calls itself America’s largest family owned independent department store in such straights.

The 97-year-old company has 49 stores in six states.

[Source]