Starting this Saturday, August 16th, store closing sales will begin in 10 Boscov's locations. Consumers will find incredible savings on a huge assortment of quality, brand name apparel and accessories for men, women and kids, and home products, too. Top brands include Nautica, Carters, Nike, Oshkosh, Nine West, Sperry, Franc Sarto, Liz Claiborne, and Jones New York, to name a few.

"Merchandise will be marked down to sell fast. Everything must go," said Stephen Miller, Principal and Managing Director, Gordon Brothers Group. "The timing couldn't be better for consumers looking to save a bundle on back-to-school clothing and accessories, or to get a jump start on the holiday season."

Michael Keefe, President and CEO, Hilco Merchant Resources, added, "Consumers will find great values on everything from men's, women's and children's apparel to consumer electronics and home furnishings. Many items will be discounted like never before. Consumers who arrive at the start of the sale will certainly have the best selection of products from which to choose. We don't expect this sale to last very long."

Boscov's store closing sales will occur at the following locations: Baltimore, MD (White Marsh Mall, 8200 Perry Hall Boulevard); Glen Burnie, MD (Marley Station Mall, 7900 Ritchie Highway); Owings Mill, MD (Owings Mills Mall, 10300 Mill Run Circle); Eatontown, NJ (Monmouth Mall, 180 State Route 35 South,); Harrisburg, PA (Harrisburg East Mall, I83 & Paxton Street); Langhorne, PA (Oxford Valley Mall, 2300 East Lincoln Highway); Monroeville, PA (Monroeville Mall, 500 Mall Boulevard); North Wales, PA (Montgomery Mall, 500 Montgomery Mall); Pittsburgh, PA (South Hills Village, 301 South Hills Village); Danville, VA (Piedmont Mall, 325 Piedmont Drive).

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group (http://www.gordonbrothers.com/) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $40 billion in transactions and appraisals annually.

About Hilco Merchant Resources, LLC

Based in Northbrook, IL, Hilco Merchant Resources (http://www.hilcomerchantresources.com/) provides a wide range of analytical, advisory, operational, asset monetization and capital investment services to help retailers define and execute strategic initiatives. HMR can acquire, co-invest in or facilitate the merger of retail operations; purchase or otherwise dispose of duplicative stores, underperforming divisions, unnecessary distribution centers, inventory, owned real estate, leases, and furniture, fixtures and equipment. HMR also provides retail restructuring services, interim store management, loss prevention services, marketing and advertising management, merchandising management, and strategic store opening programs. Over the years, Hilco principals have assisted retailer in monetizing assets valued in excess of $50 billion.

About Boscov's Department Stores

Boscov's, America's largest family-owned independent department store, with 49 stores in Pennsylvania, New York, New Jersey, Maryland, Delaware and Virginia, has been providing customers with a wide selection of merchandise, competitive prices and superior service for nearly a century. The Company is committed to the communities it serves and has a long and distinguished history of civic and charitable activities. Boscov's serves consumers across the country with a robust online shopping capability as well. For more information or to shop online please visit http://www.boscovs.com/.

Gordon Brothers Group

CONTACT: Susan Cronin, VP, Marketing of Gordon Brothers Group,+1-617-422-6270, scronin@gordonbrothers.com

Web site: http://www.gordonbrothers.com/http://www.hilcomerchantresources.com/http://www.boscovs.com/