Reading, Pa., Boscovâ€™s could benefit from Federated Department Stores Inc.â€™s takeover of May Department Stores Co. Federated is planning to sell some stores in malls that already have a Macyâ€™s. Boscovâ€™s is planning on buying Strawbridgeâ€™s locations in malls where Macyâ€™s already exists.
Currently, Boscovâ€™s has stores in New Jersey, Pennsylvania, New York, Delaware and Maryland, and one under construction in Virginia. Adding some of the eight Strawbridgeâ€™s locations would help the company grow more quickly. According to John Hlis, senior VP for real estate and development, Boscovâ€™s has not yet begun negotiations with Federated. Hlis said, however, â€śWe will aggressively pursue this.â€ť