Boscov’s Inc. Chairman, President Announce Retirement
New York City, Boscov’s Inc. chairman Edwin Lakin and president Albert Boscov announced their retirements Monday from the $1.1 billion retail company. Boscov, 76, is the son of Solomon Boscov, a Russian immigrant who founded the chain in 1911 by selling goods from a horse-drawn wagon.
Ken Lakin, the son of Edwin Lakin and nephew of Albert Boscov, who has been running the department stores as CEO, was named chairman and CEO of the corporation, the holding company for the department stores.
Walgreens Sued by Pharmacists
Deerfield, Ill., Alleging they were illegally fired, four Walgreens pharmacists have sued the company. The terminations came after the pharmacists refused to sign a pledge promising to dispense the morning-after birth control pill.
A new Illinois law requires that, for emergency birth control, federally approved contraceptives be filled “without delay” if a pharmacy has the medication in stock. The rule is being challenged in federal court.
An attorney for the plaintiffs said in a statement, “It couldn’t be any clearer. In punishing these pharmacists for asserting a right protected by the Conscience Act, Walgreens broke the law.”
However, Walgreens has countered by saying it is upholding the current statute. “We are required to follow the law,” said company spokesman Michael Polzin. “We don’t have a choice in the matter.”
Verizon Calling BJ’s
Bedminster, N.J., Verizon Wireless has announced a deal with BJ’s Wholesale Clubs Inc. to install Verizon shops in more than 128 BJ’s locations. The in-store shops will sell phones, accessories and a variety of service plans and also accept bill payments. Verizon will be responsible for the operation and maintenance of the kiosks.