Another one of my local favorites has failed to weather the economic storm.
Boscov’s joins the long list of retailers who have filed for Chapter 11 bankruptcy protection.  The list includes Sharper Image, Linens ‘n Things, and Steve and Barry’s.
According to Boscov’s execs, the chain is the largest family owned full-service department store in the United States and employs 9,500 workers.
The Boscov’s nearest me has a Linens ‘n Things a few doors down and is on the same street as Bennigan’s.
At least with Chapter 11, Linens ‘n Things and Boscov’s have a chance to turn around.  Unlike Bennigan’s, which filed for Chapter 7 liquidation.  :( 
My search for a Bennigan’s franchise …read more

Sometimes, I have to break out of talking about stocks!  Especially, when my favorite businesses are at stake (no pun intended, you will see why soon).
S & A Restaurant Corp., parent company of the restaurant chains Steak & Ale and Bennigan’s Grill and Tavern, has filed for bankruptcy.  This morning, Bennigan’s closed all of its company-owned stores. 
Bennigan’s Grill and Tavern opened in 1976 and has 800 restaurants in 32 states.  Its independently owned franchises will remain open…and I hope to find one near me.