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Boscovs CEO talks about retail challenges reopening
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=RhQOPeZ5TNo
After two months of lost revenue, Exeter Township-based Boscov's is starting to reopen some stores and planning to open more following unprecedented moves due to the coronavirus. • No retailer imagines being closed for a week or two weeks, and here it is at two months, said Jim Boscov, the retailer's chairman and CEO. • Boscov said the financial impact on the retail industry is devastating. His company's 49 stores closed March 17, and 8,000 employees were furloughed. • We were able to keep them on the payroll for several weeks, paid for their medical insurance for the months of March, April and May, but this is a hardship, Boscov said. • Read the full story at WFMZ.com: • https://www.wfmz.com/news/area/berks/...
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